Retail premises for sale in Holloway Road, London N7
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Property description
Key Points
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.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Forest Real Estate, NW11 on +44 20 8022 7980 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Forest Real Estate, and do not constitute property particulars. Please contact Forest Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.