286 Upper Street, London, N1 – Islington, London
Shop for sale
£1,000,000 913 sq ft
Investment For Sale 286 Upper Street, London, N1 Floor area: 913 sq. ft. (85 sq. m.) Leasehold ££1,000,000 Nearest Train Stations Essex Road - 0.26 miles Highbury & Islington - 0.42 miles Highbury & Islington Station - 0.44 miles London Overground Victoria Description LOCATION
The property is located on Upper Street, the principal shopping thoroughfare within the Borough of Islington. The property is excellently situated being within walking distance of both Angel and Highbury & Islington stations. This section of Upper Street supports a vibrant mix of tenants including boutique shops, cafés, restaurants, and bars.
Current developments in the area include the ‘Islington Square’ mixed use scheme. This will primarily comprise of residential units as well as some retail which should improve footfall significantly on the northern section of Upper Street.
The property comprises a mid-terraced, ground floor and basement retail unit. The property benefits from a timber-framed, glazed frontage, with recessed access way. The ground floor retail space benefits from exposed timber floorboards and timber panelled walls. There is a storage cupboard and toilet located to the rear of the ground floor.
Stairs located to the right of the main retail space provide access to the basement, which is used as secondary retail space, storage and changing rooms. The basement benefits from exposed timber floorboards and exposed brick walls. Towards the rear of the basement are a number of storage areas.
Term: Under lease for a term of 10 years from the 30th March 2010 and ending on and including, 29th March 2020. The lease is held inside the security of tenure provisions of the 1954 Landlord & Tenant Act.
Breaks: Tenant only break dates at the review dates subject to 6 months written notice.
The subject property is locally listed and permitted development is restricted under Article 4. Speak to the local authority for further details.
All interested parties should make their own enquiries with the London Borough of Islington.
We are seeking unconditional offers in excess of £1,000,000 exclusive and subject to contract. At this level the purchase price reflects a net initial yield of 4.49% and a reversionary yield of 5.82% based on purchaser’s costs of 5.58%.
• Retail Investment - 286 Upper Street London N1 2TZ.pdf
This shop for sale is located in Islington, London.