89 Holloway Road, Islington, N7 8LT
£259.80 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,619 sq ft
429 sq m
- SECTOR
High street retail property for sale
Key features
- Freehold
- Set Across Ground & Part First Floor
- £1,200,000
- Mid-Terraced
- Rent £127,500 per annum - 10% NIY
- Scope For Future Alternative Uses (STPP)
- Within A Short Walk Of Highbury & Islington Station
Description
- The property comprises a mid terraced retail shop with part first floor accommodation.
- The property is let to Breakin Escapes Rooms Ltd.
- Full Repairing and Insuring lease for a term of 10 years from 11th September 2020, outside the Landlord & Tenant Act.
- The current passing rent is £110,000 per annum exclusive.
- Deposit held of £25,000.
- There is a rent review on 10th September 2025.
- At review, the rent will be increased to £127,500 per annum exclusive.
- The vendor will top up the rent to the 2025 review.
- The flat set over part first and second floors has been sold off on a 999 year lease at a peppercorn rent.
- A purchase at this level reflects a Net Initial Yield of 10%, assuming purchasers costs of 6%.
- Low capital value of £259 ft2.
Location
The London Borough of Islington stands as a well-established hub for both residential and commercial activities, conveniently nestled in close proximity to Central London.
Occupying a prime location on the northern side of Holloway Road, the property boasts swift access to transportation, with Highbury & Islington underground (Piccadilly Line) and overground station, as well as Highbury Corner, all reachable within a mere 3-minute walk.
Additionally, Holloway Road underground station is conveniently situated within a 10-minute walk.
Brochures
89 Holloway Road, Islington, N7 8LT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Highbury & Islington Station0.2 miles
- Drayton Park Station0.3 miles
- Holloway Road Station0.4 miles
About Forest Real Estate, London
1 Bridge Lane, London, NW11 0EA
Forest Real Estate is a leading, independent commercial agency with a niche focus on London Suburbs. With an ongoing mission to provide first class advice with effective results curated by a wealth of experience for a diverse range of clients.
We cover a range of sectors that include office, industrial, warehouse, leisure, retail, and restaurant properties. As well as investment and development opportunities.
We offer director-level consultations with landlords, tenants, and devel
Notes
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