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Retail premises for sale

£960,000 Fixed price

Essex Road, London N1

Retail premises for sale

1 of 1
Interested in this property? Call +44 20 8033 1874 * or Request Details

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Property description



Exceptional Investment Opportunity in Prime Islington, London

We are delighted to present an outstanding investment opportunity in the heart of Islington, London. This prime property, acquired through assignment from Blue chip tenant, boasts a 10-year lease commencing from June 2018. The property comprises a freehold ground floor and basement, with the upper parts and airspace having been sold off on a secure 999-year lease. The current passing rent stands at £57,500 per annum.

Property Highlights:

Location: Situated in the vibrant district of Islington, a highly sought-after area in London.

Tenure: Freehold ground floor with a 10-year lease in place, offering stability and potential for long-term gains.

Income A secure rental income of £55,000 per annum, ensuring a steady cash flow for the discerning investor.

Development Potential: With the upper parts and airspace sold off on a 999-year lease, this property offers an opportunity for further development and expansion.

Price An attractive freehold investment opportunity available at £950,000.

Key Features:

Prime Location: Located in one of London's most desirable areas, ensuring high demand from tenants and buyers alike.

Stability The current lease agreement provides stability and consistent rental income for the next decade.

Future Potential: The property's upper parts and airspace, available on a long-term lease, offer potential for future development and increased revenue streams.

Market Rent Review A scheduled open-market rent review in June 2023 allows for adjustments based on prevailing market rates, ensuring income growth.

Investment Proposition:

This property presents a compelling investment proposition, combining a prime location, stable rental income, and future development potential. Priced at £950,000, this freehold ground floor property offers an attractive entry point for investors seeking long-term capital appreciation and steady rental returns.

For more information or to arrange a viewing, please contact us. Don't miss this opportunity to secure a valuable asset in one of London's most coveted neighbourhoods.

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For more information about this property, please contact
Fine Property, UB2 on +44 20 8033 1874 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fine Property, and do not constitute property particulars. Please contact Fine Property for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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