Well positioned Freehold for Sale - consists of 1x commercial Unit and 2x one Bedroom Flats
Positioned on the western side of the Holloway Road (A1), the main route north out of London. The subject property is uniquely located 2 minutes walk from London Metropolitan University and 6 minutes from Emirates Stadium. The location is a busy thoroughfare being only 300 meters from Holloway Road Underground Station (Piccadilly Line) and numerous bus routes servicing the area.
This near end of terrace investment opportunity consists of a retail unit which occupies the ground floor and basement and further benefits from 2 x one bedroom flats which benefit from there own separate entrance
The current Commercial Tenant is on a 10 year FRI lease (granted July 2021) with an upward only rent review in the 5th year. the current tenant is paying £25,000 PAX
Both are let on AST's:
Flat 1: £15,080 PA
Flat 2: £15,080 PA
TOTAL INCOME: £55,160 PA
Ground floor - 322 sq Ft (30 Sq M)
Basement - 143 Sq Ft (13 Sq M)
First Floor - 382 Sq Ft (35 Sq M)
Second Floor - 403 Sq Ft (37 Sq Ft)
Gross Internal Area: 1,250 Sq Ft (116 Sq M)
Close to Holloway Road station and Arsenal Football Stadium.
Sale of Freehold
Parties are advised to contact the local authority to make their own enquiries.
Strictly by appointment through Drivers and Norris.
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