36 Islington Green, Islington, London, N1 8DU
437 Sq Ft / Other
For Sale
- £360,000.00
Available - Last updated: 28 June 2024
Summary
The unit comprises a small self-contained ground floor retail unit with a period timber shop front re-fitted by the current tenant as a barbershop. The unit is smoothly presented with wooden flooring and simple pendant lighting with an internal WC to the rear of the shop. The unit also benefits from a reduced-height basement storage area.
Key Points
Opportunity to acquire a well-positioned, self-contained ground and basement floor retail investmentLet to an independent operator on a 10-year lease expiring 16.12.2030 (subject to tenant break option 17.12.2025)Passing rental income of £25,000 per annum exclusive, subject to 5 yearly upwards only to market rent reviews, with the next review on 17.12.2025.Total area of 437 sq. ft (40.6 sq. m) across ground and basementTo be sold on a new 999-year long leasehold at a peppercorn rent
Convenant
An independent Turkish men's barbers established in December 2020 that has become a neighborhood favourite. It is operated as a family-run independent hair salon.
Location
The property is located in a local parade on Islington Green, which forms part of and lies adjacent to the fashionable and popular Camden Passage area of Islington, supporting a diverse retail offering ranging from celebrity fashion boutiques, chocolatiers, antiques ethical fashion, jewelers, interior design, bars and restaurants. Nearby occupiers include Chipotle, Pizza Express, Reiss,Tesco Metro, Crêpeaffaire, and numerous independent
retail, and quality eateries and takeaways.
The property is well connected being a short walk from Angel underground station, providing access to the Northern Line.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£360,000.00
| NA |
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