LOCATION
The premises are located on the East side of this extremely busy thoroughfare in the heart of this densely populated commercial and residential catchment area.
Nearby operators include Waitrose, Boots, Argos, JD sports, VUE cinema and numerous local and independent traders. Transport facilities are excellent with Holloway Road Underground Station (Piccadilly Line) nearby and numerous bus routes serving the immediate area.
DESCRIPTION
This mixed used building is comprised of an E Class unit on the ground floor, 3 bedroom first floor flat and a 3 bedroom second-floor flat currently arranged on an HMO license.
The first floor flat is currently arranged as a 3 bedroom flat, under an HMO license.
The second floor flat provides generous accommodation and is currently arranged as a 3 bedroom flat, under an HMO license.
The commercial unit occupies the ground floor only. The commercial unit features the main gallery floor, a small office/commercial kitchen at the rear, and a WC.
Full Repairing and Insuring Lease for a term of 15 years outside of the Landlord and Tenant Act 1954, commenced 13th August 2021 subject to 5 yearly rent reviews (August 2026 & August 2031, with break dates at August 2026 & August 2031. Passing rent £42,660 per annum.
ACCOMMODATION
Commercial unit area: 858.6 Sq Ft (79.7 Sq M)
First floor 39.91 Sq M / 429.58 Sq FT
Second Floor 56.82 Sq M / 611.6 Sq Ft
AMENITIES
3 Bedroom First Floor Flat - Tenanted (HMO License) - Term: 24 Months. Commencing on: 01 March 2025. Rent: £2,350.00 per calendar month
3 Bedroom Second Floor Flat - Tenanted (HMO License) - Term of the tenancy:36 Months. Commencment date; from and including : 05 February 2024, expiry date; to and including : 04 February 2027
Rent - £2,350.00 pcm
Ground Floor E Class Commercial unit - Tenanted (currently trading as an North London Furniture)
Total income - £99,060 per annum.
TERMS
Freehold Sale
OUTGOINGS
Parties are advised to make enquiries with the local authority.
LEGAL COSTS
Each party to bear own legal costs.
VIEWING
Strictly by appointment through Sole Agents Drivers and Norris
Tenure: Freehold
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