£53,000 pa
(£38.86/sq. ft. pa)
Retail premises to letUpper Street, London N1
1,364 sq. ft
Just added
About this property
An excellent opportunity to acquire an existing lease by way of assignment, situated in one of Islington’s most sought-after and vibrant commercial locations. The premises benefit from strong footfall, excellent visibility and a diverse mix of established retailers, restaurants and businesses nearby. A premium is being sought for the assignment.
Location
The property occupies a prominent position on Upper Street, one of Islington’s most established and sought-after commercial areas. The area benefits from strong pedestrian footfall and a vibrant mix of independent and national retailers, cafés, restaurants, bars and leisure operators.
The property is exceptionally well connected, with Essex Road and Highbury & Islington stations approximately a 5–6 minute walk away, providing access to National Rail, London Overground and Victoria line services. Angel Underground Station, serving the Northern line, is also within easy walking distance. Numerous bus routes operate along and around Upper Street, providing convenient connections across Central and North London.
Description
The premises provide approximately 1,364 sq ft (126.7 sq m) of accommodation arranged over ground and basement levels, excluding the outdoor seating area.
The ground floor comprises a spacious main sales/restaurant area of approximately 17'3" x 41'11", with access to a private outdoor seating area measuring approximately 18'0" x 8'10".
The basement provides a substantial kitchen measuring approximately 16'3" x 16'7", together with a cold room, multiple storage areas and two WCs. The layout offers excellent ancillary and operational space, making the premises particularly well suited to a restaurant, café, food-led or other commercial occupier.
Accommodation
Gross Internal Area: 1364 square feet (126.7 sqm)
amenities
e-Class commercial unit (with extraction)
Outdoor Seating Area
Extraction
Cold Room & Storage
Kitchen
X2 WC's
Very high footfall
Assignment of existing lease
terms
Full Repairing & Insuring Lease, contractual term of 16-year lease from 26 December 2024 to 25 December 2040.
26 December 2028 and every 4th anniversary thereafter
Premium sought for lease, goodwill, fixtures & fittings – £210,000
outgoings
Parties are advised to make their own enquiries with the local authority.
Legal costs
Each party to bear own legal costs, ingoing tenant to be responsible for the landlords legal costs associated with the assignment.
Viewing
Strictly by appointment through the Landlord's sole agent Drivers & Norris.
Location
The property occupies a prominent position on Upper Street, one of Islington’s most established and sought-after commercial areas. The area benefits from strong pedestrian footfall and a vibrant mix of independent and national retailers, cafés, restaurants, bars and leisure operators.
The property is exceptionally well connected, with Essex Road and Highbury & Islington stations approximately a 5–6 minute walk away, providing access to National Rail, London Overground and Victoria line services. Angel Underground Station, serving the Northern line, is also within easy walking distance. Numerous bus routes operate along and around Upper Street, providing convenient connections across Central and North London.
Description
The premises provide approximately 1,364 sq ft (126.7 sq m) of accommodation arranged over ground and basement levels, excluding the outdoor seating area.
The ground floor comprises a spacious main sales/restaurant area of approximately 17'3" x 41'11", with access to a private outdoor seating area measuring approximately 18'0" x 8'10".
The basement provides a substantial kitchen measuring approximately 16'3" x 16'7", together with a cold room, multiple storage areas and two WCs. The layout offers excellent ancillary and operational space, making the premises particularly well suited to a restaurant, café, food-led or other commercial occupier.
Accommodation
Gross Internal Area: 1364 square feet (126.7 sqm)
amenities
e-Class commercial unit (with extraction)
Outdoor Seating Area
Extraction
Cold Room & Storage
Kitchen
X2 WC's
Very high footfall
Assignment of existing lease
terms
Full Repairing & Insuring Lease, contractual term of 16-year lease from 26 December 2024 to 25 December 2040.
26 December 2028 and every 4th anniversary thereafter
Premium sought for lease, goodwill, fixtures & fittings – £210,000
outgoings
Parties are advised to make their own enquiries with the local authority.
Legal costs
Each party to bear own legal costs, ingoing tenant to be responsible for the landlords legal costs associated with the assignment.
Viewing
Strictly by appointment through the Landlord's sole agent Drivers & Norris.
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