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Retail premises for sale

£950,000 (£488.18/sq. ft)

Junction Road, London N19

Retail premises for sale 1,946 sq. ft*
Interested in this property? Call +44 20 3463 0619 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

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.

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Drivers & Norris, N7 on +44 20 3463 0619 * (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 Drivers & Norris, and do not constitute property particulars. Please contact Drivers & Norris 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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