Shop for sale
Property description & features
- Tenure: Share of freehold
- Freehold Commercial unit
- Investment Opportunity
- Rented For £50,000 p.a
- Outstanding location
The property comprises a mid-terraced, ground floor and basement retail unit with glazed frontage.
Stairs located to the left of the main retail space provide access to the basement, which is used as tratment andstorage rooms. Towards the rea of the basement are a number of additional storage areas.
Location
The unit is located on Upper Street, the principle shopping throughfare within the borough of Islington. The property is excellently situated being within walking distance of both Angel station on the northern line being a short walk away and Highbury and Islington station approximately a few minutes walk away.
This section of Upper Street supports a vibrant mix of tenants including boutique shops, cafes, restaurants and bars. Current developments in the area include the 'Islington Square' mixed-use scheme.
TENURE: Share of Freehold
VAT: Not Applicable.
TENANCY:-
Asiatic Thai Massage
Term: Under lease for a term of 15 years from October 2019. The lease is held inside the security of tenure provisions of the 1954 Landlord & Tenant Act.
Passing Rent: £50,000 per annum exclusive.
Review: 2023,( not increased yet) 1st October 2027 and 1st October 2031
Breaks: A tenant's only break on the 2nd anniversary of the commencement of the lease has now expired.
LOCAL AUTHORITY: The London Borough of Islington.
LEGAL COSTS: Each party is to pay their own legal costs.
Places of interest
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Property reference ISS230195. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ellis & Co - Islington.
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Broadband availability and predicted speed
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Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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