Available
London N1 – Vacant Retail & Ground Rent
102 Islington High Street, London N1 8EGFreehold Vacant Retail & Residential Ground Rent Investment
Price
£875,000
Rent P.A.
Vacant
Yield
ERV: £70,150
Tenure
Freehold
Area
1,646 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £70,150 p.a. GIY: 8.02%
- Comprises large vacant retail premises arranged over ground and lower ground floor
- Includes residential flat at first and second floor, which has been sold-off on long leasehold
- Situated within short walk from Angel Underground Station, with occupiers nearby including Whole Foods, Nationwide, Holland & Barrett, Hotel Chocolat, NatWest and many more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises large vacant retail premises arranged over ground and lower ground floor. The property includes residential flat on upper floors, which has been sold-off on long leasehold, providing the following accommodation and dimensions:
Ground Floor: 70.62 sq m (760 sq ft)
Open plan retail, rear section, wc
Lower Ground Floor: 82.38 sq m (886 sq ft)
Open plan ancillary, 2 rooms, wc
First/Second Floor Flat: Sold-off
Total GIA: 153 sq m (1,646 sq ft)
Ground Floor: 70.62 sq m (760 sq ft)
Open plan retail, rear section, wc
Lower Ground Floor: 82.38 sq m (886 sq ft)
Open plan ancillary, 2 rooms, wc
First/Second Floor Flat: Sold-off
Total GIA: 153 sq m (1,646 sq ft)
Tenancy Description
The retail premises are at present vacant. ERV: £70,000 p.a.
The residential flat has been sold-off for a term of 137 Years from 29th September 1987 at a ground rent of £150 p.a. Fixed ground rent increase to £225 p.a. in 2053 and £300 p.a. in 2086 for the remainder of the term.
The residential flat has been sold-off for a term of 137 Years from 29th September 1987 at a ground rent of £150 p.a. Fixed ground rent increase to £225 p.a. in 2053 and £300 p.a. in 2086 for the remainder of the term.
Tenancies & Accommodation
Location Description
Islington is an affluent and densely populated north London Borough located to the north of The City. High Street (A1) provides links to the A501 (Inner Ring Road) and The City to the south and the North Circular (A406), M1 and M25 to the north. The property is situated within short walk from Angel Underground Station, with occupiers nearby including Whole Foods, Nationwide, Holland & Barrett, Hotel Chocolat, NatWest and many more.
