This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Freehold
- A Commercial Investment Producing £127,500 Per Annum (Reflecting a Gross Initial Yield of 8.5%).
*For Sale By Online PublicAuction 15th March 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Commercial Investment Producing £127,500 Per Annum (Reflecting a Gross Initial Yield of 8.5%).
Tenure
Freehold
Location
The property occupies a prominent position on Holloway Road. Nearby multiples include Lloyds Bank and Tesco Express. The Emirates Stadium (Arsenal FC) is a short walk away. Transport links are provided by Holloway Road underground station (Piccadilly line) and Highbury & Islington rail station.
Description
The property comprises a retail unit (E-Class) situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
Ground Floor
Class E Retail Unit GIA: 3,572 sq ft
First Floor
Class E Retail Unit GIA: 1,047 sq ft
Tenancy
Let to Breakin Escape Rooms Ltd on a lease for a term of 10 years from 11th September 2020 at a rent of £100,000 per annum. Rent reviews every 5 years. In addition, the seller will pay to the buyer, by way of a separate agreement, £27,500 per annum until the first rent review date.
Note
Open House Viewings:
Tuesday 14 March 2023 2:30 PM - 15:00
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 200773. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House London - Hampstead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.