4 bedroom property

TO BE SOLD BY ONLINE AUCTION AS LOT 44 ON THURSDAY 27 OCT 2022 - Freehold Part Vacant Building arranged as a Commercial Premises and Two Self-Contained Flats

By Order of Trustees

Six Week Completion

London Borough of Islington

Situated in a prominent position on Upper Street in the heart of Islington close to a good range of shops, restaurants and bars. Travelling facilities nearby include Angel Underground Station (Northern Line) and Highbury & Islington Station (Victoria Line & Overground). Islington Green is also nearby.

A Substantial Five Storey Building arranged as a Commercial Premises on the ground and lower Ground Floors, a Three Bedroom Self-Contained Flat on the first, second and Third Floors and a One Bedroom Self-Contained Flat to the rear of the building on the first and Second Floors as follows:

Flat 2 (First & Second Floor To Rear)
• Reception Room/Kitchen
• Bedroom
• Shower/WC

EPC Rating: E

Vacant Possession

Flat 1 (First, Second & Third Floors)
• Reception Room
• Kitchen
• Bedroom (One)
• Bedroom (Two)
• Bedroom (Three)
• Bathroom/Shower/WC

Let on an Assured Shorthold Tenancy agreement dated 7th September 2022 at rental income of £2,897 per calendar month.

EPC Rating: E

Commercial Premises (Ground &
Lower Ground Floors)
• Commercial Shop Premises

Let to Giovanni Napolitano & Crispian Napolitano on a lease term of 15 years from and including 28th January 2021 to and including 27th January 2036 at a current rent of £55,000 per annum rising to £60,000 per annum from 28th January 2026 and £65,000 per annum from 28th January 2031 until end of term.

EPC Rating: TBC

Producing £89,764 per annum and in addition Vacant Possession of Flat 2

Inspection: By arrangement with
the Auctioneers

PROPERTY TOUR

PROPERTY TOUR