*Investment Opportunity *Freehold Shop and Upper *Rent On Upper Parts Reversionary *£850,000
The property is located at the northern eastern boundary between the London Boroughs of Hackney and Islington, laying within the London Borough of Hackney. The property is situated between the junctions of Brownswood Road and Mountgrove Road within a lovely Victorian parade.
Blackstock Road offers a diverse array of independent shops, restaurants, cafes and bars.
The location offers superb transportation with Finsbury Park Underground Station and Arsenal Underground Station close by, with numerous bus routes servicing the immediate area.
The subject property comprises a ground floor restaurant and a three bed flat spread over first and second floors.
The shop is let on a 12 year lease from 2016 at an annual rent of £15,000 pax.
The upper parts are currently producing £1,500 pcm in rent. We have been advised that the rent hasn't been reviewed in a couple of years and could produce more income subject to modernisation. There may also be potential to convert in to a couple of flats STP.
Ground floor shop: approx. 632 Sqft / 58.8m2
Upper Parts: approx. 994 Sqft / 92.3 m2
Total: 1,626 Sqft / 151.1 m2
Each party are to bear their own legal costs incurred in this transaction.
Strictly via appointment with the Landlord?s sole agent, Drivers & Norris.