No longer on the market
This property is no longer on the market
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MapRetail property (high street)
Auction
Retail property (high street)
Features and description
- A Commercial Investment Producing £127,500 Per Annum (Reflecting a Gross Initial Yield of 8.5%).
Guide Price = £1,500,000+
*For Sale By Online PublicAuction 15th March 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Commercial Investment Producing £127,500 Per Annum (Reflecting a Gross Initial Yield of 8.5%).
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.
Description
The property comprises a retail unit (E-Class) situated within a mid terrace building arranged over ground and two upper floors.
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.
Note
Open House Viewings:
Tuesday 14 March 2023 2:30 PM - 15:00
*For Sale By Online PublicAuction 15th March 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Commercial Investment Producing £127,500 Per Annum (Reflecting a Gross Initial Yield of 8.5%).
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.
Description
The property comprises a retail unit (E-Class) situated within a mid terrace building arranged over ground and two upper floors.
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.
Note
Open House Viewings:
Tuesday 14 March 2023 2:30 PM - 15:00
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.