£995,000
(£670.49/sq. ft)
Retail premises for saleWhitecross Street, Old Street, Islington, London EC1Y
1,484 sq. ft
Freehold
About this property
Freehold investment - central / city fringe - Mixed use freehold consisting of retail on ground and basement and 2 bedroom maisonette on 2nd and 3rd floor.
Location
The property is situated on the west side of the busy Whitecross Street close to the junction with Old Street. The iconic and fashionable Barbican Cultural Arts Centre and residential estate is 300 metres south of the property. The locality benefits from its proximity to Queen Mary University of London, City University and fast growing East London Tech City at Old Street.
Whitecross Street is one of London's traditional market roads and is popular for lunch food stands and trucks. Nearby retailers include M and S, Argos, Superdrug, Waitrose and a number of independent shops, cafe's and restaurants. Major office occupiers in close proximity are too numerous to list but include the law firms, Slaughter and May, Linklaters and Addleshaw Goddard.
Description
The property is an end of terrace corner unit that forms part of a period row. The premises are arranged over basement, ground, and then over second and third-floor levels, with access via Whitecross Street.
The ground floor features a main retail area currently trading as a nail and beauty business with the basement floor that comprises one room, suitable for storage.
The first floor comprises a one bed flat that has been sold on a long lease and is not part of the freehold title, 100 years remaining of the leasehold title.
The second and third floor comprises a split level 2 bedroom apartment with reception, kitchen and WC on 2nd floor and master, second bedroom and bathroom on 3rd floor.
Commercial Rent: £30,000 pa. 8 years remaining of 10 year lease. 12 year history of paying rent correctly and on time.
Residential apartment will be sold with vacant possession. Estimated rental value £3000 per month.
Accommodation
Gross Internal Area; Residential = 698 square feet.
Gross Internal Area; Retail = 786 square feet
Total: 1484 square feet
amenities
Freehold
Mixed use investment
Corner plot
Period features
Prominent Position
Prime Central Location
terms
Freehold Sale
outgoings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Legal costs
Each party to bear own legal costs.
Viewing
Strictly via the Landlord's sole agent, Drivers and Norris
Location
The property is situated on the west side of the busy Whitecross Street close to the junction with Old Street. The iconic and fashionable Barbican Cultural Arts Centre and residential estate is 300 metres south of the property. The locality benefits from its proximity to Queen Mary University of London, City University and fast growing East London Tech City at Old Street.
Whitecross Street is one of London's traditional market roads and is popular for lunch food stands and trucks. Nearby retailers include M and S, Argos, Superdrug, Waitrose and a number of independent shops, cafe's and restaurants. Major office occupiers in close proximity are too numerous to list but include the law firms, Slaughter and May, Linklaters and Addleshaw Goddard.
Description
The property is an end of terrace corner unit that forms part of a period row. The premises are arranged over basement, ground, and then over second and third-floor levels, with access via Whitecross Street.
The ground floor features a main retail area currently trading as a nail and beauty business with the basement floor that comprises one room, suitable for storage.
The first floor comprises a one bed flat that has been sold on a long lease and is not part of the freehold title, 100 years remaining of the leasehold title.
The second and third floor comprises a split level 2 bedroom apartment with reception, kitchen and WC on 2nd floor and master, second bedroom and bathroom on 3rd floor.
Commercial Rent: £30,000 pa. 8 years remaining of 10 year lease. 12 year history of paying rent correctly and on time.
Residential apartment will be sold with vacant possession. Estimated rental value £3000 per month.
Accommodation
Gross Internal Area; Residential = 698 square feet.
Gross Internal Area; Retail = 786 square feet
Total: 1484 square feet
amenities
Freehold
Mixed use investment
Corner plot
Period features
Prominent Position
Prime Central Location
terms
Freehold Sale
outgoings
Prospective tenants are advised to make their own enquiries with the Local Authority.
Legal costs
Each party to bear own legal costs.
Viewing
Strictly via the Landlord's sole agent, Drivers and Norris
Mortgage calculator
Monthly repayment
£4,977 per month
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