MapGuide price
£990,000Retail property (high street) for sale
Islington, London N1
Auction
Under offer
Retail property (high street)
1,987 sq ft / 185 sq m
Features and description
- Tenure: Freehold
- Well located in the heart of Islington’s enclave of Canonbury, with nearby occupiers including a range of quality independents such as Cadet, Jolene, Perilla, and tranga. The Canonbury retail
- An inter terraced property comprising a self contained retail unit over ground and basement levels with rear courtyard, and 3 x 1 Bedroom flats over the upper floors.
- Retail NIA of c.657 sq. ft (61.04 sq. m), residential GIA of c.1,330 sq. ft (123.56 sq. m), providing a combined total area of 1,987 sq. ft (184.60 sq. m).
- The retail store was subject to a lease to Amberstage Limited (t/a ‘Mother Earth’) as an organic food and grocery shop on a 35 year term expiring in 2042 at £17,000 per annum (c.£25.88 per sq.
- The upper floors comprise 3 x 1 bed flats each let on ASTs at a rent of £21,000 per annum (£1,750pcm). Total rents reserved £63,000 per annum exclusive
- To be sold at auction on 29th October if sale not agreed prior.
Description
An inter-terraced 4-storey plus basement property forming part of an attractive retail parade in the heart of Canonbury. The building comprises a self-contained retail unit over ground and basement levels which was leased to an independent organic / wholefoods retailer trading as Mother Earth. The rear of the property has an external yard, currently demised to the retail unit. The upper floors are configured as three self contained 1-bed flats, each comprising living room, separate or galley kitchen, bedroom and bathroom/WC. All flats are let subject to ASTs. To be sold via Strettons Auctions - legal pack and register to bid via
Location
The property is within walking distance of Canonbury, Highbury & Islington and Dalston Junction stations, providing excellent public transport connectivity with access to the Overground, Victoria, and National Rail lines. The area is also wellserved by numerous local bus routes.
An inter-terraced 4-storey plus basement property forming part of an attractive retail parade in the heart of Canonbury. The building comprises a self-contained retail unit over ground and basement levels which was leased to an independent organic / wholefoods retailer trading as Mother Earth. The rear of the property has an external yard, currently demised to the retail unit. The upper floors are configured as three self contained 1-bed flats, each comprising living room, separate or galley kitchen, bedroom and bathroom/WC. All flats are let subject to ASTs. To be sold via Strettons Auctions - legal pack and register to bid via
Location
The property is within walking distance of Canonbury, Highbury & Islington and Dalston Junction stations, providing excellent public transport connectivity with access to the Overground, Victoria, and National Rail lines. The area is also wellserved by numerous local bus routes.
Property information from this agent
About this agent
Strettons is a leading, independent firm of property advisors with expertise across a wide range of commercial and residential property, giving advice to buyers, owners, occupiers, investors, developers and more. Our core teams cover agency, property auctions, property & asset management and valuation & advisory services. We operate throughout London and the Home Counties with more than 120 staff, while our auction department and property management business covers the whole of the UK. Since 1931, the Strettons brand has been recognised for the quality of service offered by its staff. We have worked hard to retain the original ethos in the way we advise and relate to our clients and can draw upon diverse technical resources to ensure that we deliver the best results. The in-depth knowledge of our core markets gives our clients a true advantage in property.
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