136 Holloway Road, Islington, London, N7 8DD
1,250 Sq Ft / Other / Residential
For Sale
- £900,000.00
Available - Last updated: 13 March 2024
Summary
136 Holloway Road is a fully built over site comprising an inter-terraced building believed to have been built in 1845 that consists of a retail unit arranged over ground and basement floors operating as a dessert retailer and café, whilst the upper floors comprise 2 x one bedroom flats above which benefit from their own demised entrance from Holloway Road.
Key Points
Opportunity to acquire a retail investment with self contained residential upper parts in a popular Islington location.Located on the busy Holloway Road close to the Emirates Stadium, London Metropolitan University.Within walking distance of Holloway Road, Highbury & Islington, and Drayton Park underground/National Rail stations.Total area of 1,250 sq. ft GIA (116 sq. m) GIA, comprising 65 sq. ft retail and 485 sq. ft Residential.Retail element let to an independent dessert retailer and café on a 10 year lease expiring 15th July 2031, at a passing rent of £25,000 per annum exclusive, subject to a rent review in July 2026. •2x one bedroom flats both leased at £15,080 per annum on Assured Shorthold Tenancies (AST’s).Offers invited in excess of £900,000 (Nine Hundred Thousand Pounds), representing a Net Initial Yield of 7.00% on the retail income (c.£344,000) and £708 per sq. ft on the residential uppers (c.£556,000).Location
Situated along the busy Holloway Road, close to its junction at Liverpool Road and Drayton Park. The property is within a short walking distance of the Emirates Stadium and the London Metropolitan University. The building benefits from excellent transport connections with Holloway Road (Piccadilly Line),
Highbury & Islington (Victoria Line and London Overground) and Drayton Park (National Rail) all within 5-7 minutes walk. Numerous bus routes also serve the area.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£900,000.00
| NA |
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