Freehold Shop and 2 Flats Investment

For Sale

Key Features

• Highly Prominent
• Shop with 2 Self Contained 1 Bed Flats
• Within Walking Distance of London Metropolitan University and The Emirates Stadium
• Excellent Transport Links

Description

The property comprises a retail unit arranged over ground floor and basement with 2 self-contained one-bed flats above which benefit from separate access.

Location

The property is located along the busy Holloway Road, close to its junction of Liverpool Road and Drayton Park. The property is within a short walking distance of the Emirates Stadium and the London Metropolitan University. Transport links are excellent with Holloway Road (London Underground Piccadilly Line), Highbury & Islington (London Underground Victoria Line & London Overground) and Drayton Park (National Rail) Stations in close proximity. Numerous bus routes also serve the area.

Specifications

Ground Floor (Commercial - Sales): 322 Sq Ft 30 Sq M
Basement (Commercial - Ancillary): 143 Sq Ft 13 Sq M
First Floor (Residential): 382 Sq Ft 35 Sq M
Second Floor (Residential) : 403 Sq Ft 37 Sq M

TOTAL AREA 1,250 Sq Ft 116 Sq M


Commercial

The premises are currently let to Mr Ugur Ibrahim Yalgin on a Full
Repairing and Insuring Lease for a term of 10 years from July 2021,
subject to an open market, upward only rent review at the end of the
5th year, at a rental of £25,000 per annum exclusive.

Residential

Both flats are currently let on Assured Shorthold Tenancies (AST):
Flat 1: £18,000 per annum
Flat 2: £15,840 per annum


TOTAL INCOME: £58,840 per annum

PRICE: £950,000

LEGAL COSTS: Each party to bear their own costs

Viewings

Strictly by appointment through SOLE agents