Upper Street, Angel, Islington, London, N1
- PROPERTY TYPE
Shop
- BEDROOMS
5
- SIZE
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Key features
- Freehold Commercial unit
- Investment Opportunity
- Rented For £50,000 p.a
- Outstanding location
Description
The property comprises a mid-terraced, ground floor and basement retail unit with glazed frontage.
Stairs located to the left of the main retail space provide access to the basement, which is used as tratment andstorage rooms. Towards the rea of the basement are a number of additional storage areas.
Location
The unit is located on Upper Street, the principle shopping throughfare within the borough of Islington. The property is excellently situated being within walking distance of both Angel station on the northern line being a short walk away and Highbury and Islington station approximately a few minutes walk away.
This section of Upper Street supports a vibrant mix of tenants including boutique shops, cafes, restaurants and bars. Current developments in the area include the 'Islington Square' mixed-use scheme.
TENURE: Share of Freehold
VAT: Not Applicable.
TENANCY:-
Asiatic Thai Massage
Term: Under lease for a term of 15 years from October 2019. The lease is held inside the security of tenure provisions of the 1954 Landlord & Tenant Act.
Passing Rent: £50,000 per annum exclusive.
Review: 2023,( not increased yet) 1st October 2027 and 1st October 2031
Breaks: A tenant's only break on the 2nd anniversary of the commencement of the lease has now expired.
LOCAL AUTHORITY: The London Borough of Islington.
LEGAL COSTS: Each party is to pay their own legal costs.
Energy Performance Certificates
EPC Rating GraphUpper Street, Angel, Islington, London, N1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Angel Station0.3 miles
- Essex Road Station0.4 miles
- Highbury & Islington Station0.6 miles
About the agent
Ellis & Co, Islington
70 Essex Road, Islington, London, N1 8LT
Ellis and Co Islington
Ellis and Co are and independently owned estate sales and lettings agency based in the Islington area of North London. Established in London since 1850, the company have become one of London's most successful and well-established estate agents.
It is reassuring to know that one firm has retained its identity and still believes in the traditional values of achieving results through service and experience.
We can also assist with mortgage advice, propert
Notes
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