*Guide | £1,500,000+ (plus fees)
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Commercial Investment Producing £127,500 Per Annum (Reflecting a Gross Initial Yield of 8.5%).
The property comprises a retail unit (E-Class) situated within a mid terrace building arranged over ground and two upper floors.
Tenure
Freehold
Location
The property occupies a prominent position on Holloway Road. Nearby multiples include Lloyds Bank and Tesco Express. The Emirates Stadium (Arsenal FC) is a short walk away. Transport links are provided by Holloway Road underground station (Piccadilly line) and Highbury & Islington rail station.
Accommodation
Ground Floor Class E Retail Unit GIA: 3,572 sq ft First Floor Class E Retail Unit GIA: 1,047 sq ft
Tenancy
Let to Breakin Escape Rooms Ltd on a lease for a term of 10 years from 11th September 2020 at a rent of £100,000 per annum. Rent reviews every 5 years. In addition, the seller will pay to the buyer, by way of a separate agreement, £27,500 per annum until the first rent review date.
Current Rent Reserved
Current Rent Reserved £127,500 per annum (Collectively)
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
