Retail premises for sale in Junction Road, London N19

Mid-terraced mixed use building comprised of a two bedroom garden flat, 3 bedroom maisonette and a retail space less than 500 m from Archway Station.

Location
The property is located on the south side of Junction Road in the heart of this densely populated commercial and residential catchment area. The area is well served by public transport with Archway Underground Station a few minutes walk away and Tufnell Park Underground Station nearby, with numerous bus routes serving the immediate area.

Description
This mid terrace Freehold Building comprises commercial unit and 2 residential dwellings currently producing £60,120 per annum with the commercial unity remaining unlet. Estimated rent for the commercial unit is £14,000 bringing the total potential income to £74,120 per annum.

The unit also benefits from steady footfall being close Archway Underground Station (Northern Line). Near by occupiers include Iceland, Greg's, Costa Coffee, Co-Op, Starbucks, Coffee Republic and the very popular independent Coffee Shop Bread & Bean.

Accommodation
Maisonette is a 4 bed: 941 Sq Ft, let on a 12 month AST from 4 September 2023 at £3,460 per month.
Basement Garden flat is a 2 bed: 688 Sq Ft, let on a periodic AST from 4 September 2023 at £1,550 per month.

Total Residential Gross Internal Area = 1,629 Sq Ft

Ground Floor Only: 317 Sq Ft
Total Commercial Gross Internal Area: 317 Sq Ft

Total Building Gross Internal Area: 1,946 Sq Ft

terms
Sale of Freehold

outgoings
Purchasers are advised to make their own enquiries with the Local Authority.

Viewing
Strictly by appointment through the Landlord's sole agent Driver's and Norris.