Terraced house for sale in 36 Islington Green, London N1

For sale by auction 18/04/2024 £320,000 plus

long leasehold commercial investment currently producing £25,000 per annum

Location & Description
The property is located in the centre of Islington, 200m north of Angel Tube Station (Northern Line) and 40m from the junction with Islington Green and the ai. The property is not listed, but is within the Angel conservation area, amongst a number of retail, restaurant and bar outlets, within the Camden Passage area. Nearby occupiers include Pizza Express, Reiss and Tesco Express. The property comprises a ground and basement retail unit, trading as a men's barbers.

Accommodation
Ground Floor:262 Sq Ft (24.34 Sq M)
Basement Floor:175 Sq Ft (16.26 Sq M)
Total:437 Sq Ft (40.60 Sq M)

Tenure
999 years from 2024 at a peppercorn.

Tenancy Details
The property is let on a 10 year lease from 17/12/2020 at a rent of £25,000 p.a. The tenant has an option to determine the lease on the 5th year, subject to a 6 month prior written notice. There is a rent review (upward only), on 17/12/2025. A 3 month deposit is held, as well as a personal guarantee, for the duration of the lease.

Note
Auction Surveyor : Rob Hills Contact :

Investment Surveyor : Jon Morell Contact :

Equivalent to £25,000 p.a.

EPC Rating
B