119 Holloway Road, Islington, London, N7 8LT
1,355 Sq Ft / Other
For Sale
- £950,000.00
Available - Last updated: 15 July 2024
Summary
A striking and extremely well positioned building offering a very strong diversified investment. The ground floor offers a delightful retail unit currently occupied as a café with a large rear garden and full kitchen. The commercial lease has a term of 9-years unexpired with Rent reviews due in 2026, 2029 & 2032.
The upper floors are currently laid out as a fully licensed HMO with each room having their own kitchenette & en-suite facilities. These rooms have been well-maintained by the current ownership and are currently fully let producing an income of £44,199.96 which we have been informed is below market value. There could be scope for further development in the future given the large rear garden that is currently occupied by the commercial tenant (STPP).
There is a strong and highly supportive local community with retailers benefiting from this appetite for commerce, resulting in an unusually low vacancy rate along the parade.
Key Points
Handsome flat-fronted building.Excellent commercial tenant.Favourable future rent review opportunities.Residential Uppers (HMO) Class C4.Current combined yield of 5.95%.Superbly positioned Islington Freehold.Location
This building occupies an exceptional frontage on one of the most prominent parades across Highbury & Islington, which is reinforced by the quality of the nearby occupiers. Transport Links are abundant with the Victoria Line and Overground accessible within a couple of minutes from Highbury & Islington Tube and numerous bus routes leading directly to the City.Terms
Guide Price: £950,000.
Rateable Value: £10,250.
EPC Rating: Upon Enquiry.
Use Class: Mixed Use.
Local Authority: London Borough of Islington.
Possession: Subject to the occupying tenancies.
VAT Status: To be confirmed.
Legal Costs: Each party is to bear their own legal costs.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£950,000.00
| NA |
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