£875,000 Long Leasehold
The property is located on Upper Street, the principal shopping thoroughfare within the Borough of Islington, and well situated within walking distance of both Angel (served by the Northern Line) and Highbury & Islington Stations (served by the Overground). This section of Upper Street supports a vibrant mix of tenants including boutique shops, cafés, restaurants, and bars.
- Highbury & Islington (Great Northern, Overground, Victoria) – 9 minute walk
- Essex Road (Great Northern) – 9 minute walk
- Angel Station (Northern Line) – 11 minute walk
The property comprises a mid-terraced, ground floor and basement retail unit that benefits from a timber-framed, glazed frontage, with recessed access way. The ground floor retail space offers exposed timber floorboards and timber panelled walls. There is a storage cupboard and toilet located to the rear of the ground floor. Stairs located to the right of the main retail space provide access to the basement, which is used as secondary retail space, storage and changing rooms. The basement benefits from exposed timber floorboards and exposed brick walls. Towards the rear of the basement are a number of storage areas.
The current passing rent £55,000pa showing 6.28% Gross Yield (8 years remaining on the lease)
- Plenty of storage space
- Staff WC
- Exposed timber/brick walls
- Exposed timber flooring
- External roller shutter
Long leasehold: 999 years from 10th September 2007.
£500 per annum