Property unavailable This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings. Show similar properties Please note we do not have names or contact details of anyone currently occupying this building we are also unable to provide details of the agents that posted the original advert with us. If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com If you would like to know if this, or any similar property comes back or on to the market please click here to get updates by email. Street view 89 Holloway Road, Islington, N7 8LT 4,619 Sq Ft / Other / Investment Withdrawn - Last updated: 29 October 2024 Summary- The property comprises a mid terraced retail shop with part first floor accommodation. - The property is let to Breakin Escapes Rooms Ltd. - Full Repairing and Insuring lease for a term of 10 years from 11th September 2020, outside the Landlord & Tenant Act. - The current passing rent is £110,000 per annum exclusive. - Deposit held of £25,000. - There is a rent review on 10th September 2025. - At review, the rent will be increased to £127,500 per annum exclusive. - The vendor will top up the rent to the 2025 review. - The flat set over part first and second floors has been sold off on a 999 year lease at a peppercorn rent. - A purchase at this level reflects a Net Initial Yield of 10%, assuming purchasers costs of 6%. - Low capital value of £259 ft2.Key PointsFreeholdSet Across Ground & Part First Floor£1,200,000Mid-TerracedRent £127,500 per annum - 10% NIYScope For Future Alternative Uses (STPP)Within A Short Walk Of Highbury & Islington StationLocationThe London Borough of Islington stands as a well-established hub for both residential and commercial activities, conveniently nestled in close proximity to Central London. Occupying a prime location on the northern side of Holloway Road, the property boasts swift access to transportation, with Highbury & Islington underground (Piccadilly Line) and overground station, as well as Highbury Corner, all reachable within a mere 3-minute walk. Additionally, Holloway Road underground station is conveniently situated within a 10-minute walk. Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist