For Sale
Junction Road, Archway
£1,650,000


Mid-terrace Freehold Building comprises of a commercial unit, use class E (historic A3) and 4x residential units flats providing a mixture of 2x bed to studios.

LOCATION
The property is located on Junction Road in the heart of this densely populated commercial and residential catchment area. The area is well served by public transport with Archway Underground Station a few minutes walk away and Tufnell Park Underground Station nearby, with numerous bus routes serving the immediate area.

DESCRIPTION
This mid terrace Freehold Building comprises commercial unit and 4 residential dwellings currently producing £89,500 per annum.

Ground and basement levels benefit from A3 Consent and rear access, currently producing £26,500 PA.

The also is a 2 bed currently receiving £1,650 pcm, a 1 bed currently receiving £1,400 pcm, a studio currently receiving £1,100 pcm and another studio currently receiving £1,100 pcm.

Total rental income £63,000 + £26,500 = £89,500

The unit also benefits from steady footfall being close Archway Underground Station (Northern Line). Near by occupiers include Iceland, Greg's, Costa Coffee, Co-Op, Starbucks, Coffee Republic and the very popular independent Coffee Shop Bread & Bean.

ACCOMMODATION
Flat A is a 2 bed: 668 sq ft
Flat B is a 1 bed: 432 sq ft
Flat C is a studio: 300 sq ft
Flat D is a new studio: 495 sq ft

Total Residential Gross Internal Area = 1,895 sq ft

Ground Floor: 392 Sqft
Basement: 330 Sqft

Total Commercial Gross Internal Area: 722 Sqft

Total Building Gross Internal Area: 2,617 Sq Ft

AMENITIES
Shop - Glass frontage, steel shutters, Rear Access, Tile Flooring, Concrete Flooring, Spot Lighting, 2xWC, Water and Gas.

TERMS
Sale of Freehold

OUTGOINGS
Prospective ingoing tenants are advised to make their own enquiries with the Local Authority.

VIEWING
Strictly by appointment through the Landlord's sole agent Driver's and Norris.

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For further details on this property please call us on:
020 7607 5001

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