MapOffers in excess of
£850,000Shop for sale
Upper Street, Angel, Islington, London, N1
Shop
5 beds
Features and description
- Tenure: Share of freehold
- Freehold Commercial unit
- Investment Opportunity
- Rented For £50,000 p.a
- Outstanding location
The property comprises a mid-terraced, ground floor and basement retail unit with glazed frontage.
Stairs located to the left of the main retail space provide access to the basement, which is used as tratment andstorage rooms. Towards the rea of the basement are a number of additional storage areas.
Location
The unit is located on Upper Street, the principle shopping throughfare within the borough of Islington. The property is excellently situated being within walking distance of both Angel station on the northern line being a short walk away and Highbury and Islington station approximately a few minutes walk away.
This section of Upper Street supports a vibrant mix of tenants including boutique shops, cafes, restaurants and bars. Current developments in the area include the 'Islington Square' mixed-use scheme.
TENURE: Share of Freehold
VAT: Not Applicable.
TENANCY:-
Asiatic Thai Massage
Term: Under lease for a term of 15 years from October 2019. The lease is held inside the security of tenure provisions of the 1954 Landlord & Tenant Act.
Passing Rent: £50,000 per annum exclusive.
Review: 2023,( not increased yet) 1st October 2027 and 1st October 2031
Breaks: A tenant's only break on the 2nd anniversary of the commencement of the lease has now expired.
LOCAL AUTHORITY: The London Borough of Islington.
LEGAL COSTS: Each party is to pay their own legal costs.
About this agent
We're proud to have been serving the Islington area for 10 years, offering a wide range of properties for sale and to rent, not only in Angel but also in Highbury, Clerkenwell, Stoke Newington and Kings Cross. Franchise owner Tariq Khalifa was born and bred in North London and has always been in involved in the property industry, with his father having owned a property sales, lettings and management agency in Central London when he was young. Tariq is a landlord, himself, so understands the implications of robust property management! He has worked in operations management for some blue chip brands as well as a sales and marketing director in the past. The team at Ellis and Co Islington have a wealth of experience in all aspects of property and customer service. You will find the knowledge and dedication unrivalled. Our main areas of business are residential sales, lettings and property management. We can also provide conveyancing and mortgage advice. The office is situated in Angel between Islington Green and Cross Street on Essex Road. At Ellis & Co Islington we pride ourselves on our high level of customer service which is dedicated to you and your requirements. If you have a property to sell or let, are looking for a new home, or would like us to manage a property on your behalf, please do get in touch.