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Property Overview

  • Size:
    665 sq ft / 62 sq m
  • Usage:
    A1, C3
  • Sale Type:
    To Let
  • Rental Income:
    N/A
  • Property Type:
    High Street
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

Supporting Documents

General Summary

Description
The premises is for the shop and residential flat above, the retail is arranged over ground floor and benefits from the following Net Internal

Area:
Floor: Sq Ft Sq M
Retail Unit: 546 sq. ft 50.72 sq. m
Storage: 119 sq. ft 11.05 sq. m
Total: 665 Sq Ft 61.77 Sq. M

Terms
The property is available by way of assignment of the 15 year lease from April 2012. The lease is subject to 5 yearly rent reviews and benefits from the right to sublet the residential accommodation on a 1 year AST. The flat is currently let at £30,960 per annum until August 2016.
The rent passing for this property is £50,000 per anmum exclusive providing a net rent of £19,040 per annum.
Premium: Offers in the region of £85,000 are invited.

Use Class
The property benefits from Retail (A1) and Residential (C3).

Service Charge /VAT
To be confirmed.

Location

Location
The property is located on the corner of Liverpool Road and Sherringham Road. Running parallel to the busy Holloway Road where there are numerous local retailers and restaurateurs. Easy access to Highbury and Islington station and Caledonian Road station.
St Mary Magdalene Academy is situated less than 50 metres away.

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