No longer on the market
This property is no longer on the market
Floorplan
Map3 bedroom block of apartments
Block of apartments
3 beds
2 baths
1540
Key information
Features and description
- Close to amenities
- Potential to extend
- Freehold
Square Quarters are pleased to present this opportunity to purchase this Freehold building spread over 3 floors in this prime location consisting of a massive commercial unit a 2 bed apartment and one bed apartment all with excellent planning potential ideally located in Newington Green.
The building consists of a very large ground floor restaurant shop with ample seating, kitchen and toilet area. The first floor has a spacious 2 bedroom apartment over 600 Sq Ft with open plan kitchen living room and 2 double bedroom. The top floor has a cozy one bed apartment with open plan kitchen and lounge.
The property is conveniently located for the local amenities in the area and provides excellent transportation links with Canonbury Train Station a short 11 minutes walk away, providing Overground services. Homerton University Hospital is also only a short 14-minute distance away. The sought-after location offers vibrant dining and buzzing bars within a 10-minute proximity. The popular Kingsland Shopping Centre is within 4 minutes from the property as well as a variety of pleasant greenery spaces such as Clissold Park.
*Precedence from neighbouring properties to build up and also build back, subject to planning permission*
*Fantastic opportunity for an end user looking for some income or a developer to add value*
- Commercial Unit producing £16,500 PA - Rent Review Due
- 1st Floor Flat 2 bedroom producing £22,800 PA
- 2nd Floor Top Flat 1 bed producing £18,000 PA
*Units currently producing £57,300 PA total current yield 5.21%, great potential to increase these yields with refurbishments or development*
The building consists of a very large ground floor restaurant shop with ample seating, kitchen and toilet area. The first floor has a spacious 2 bedroom apartment over 600 Sq Ft with open plan kitchen living room and 2 double bedroom. The top floor has a cozy one bed apartment with open plan kitchen and lounge.
The property is conveniently located for the local amenities in the area and provides excellent transportation links with Canonbury Train Station a short 11 minutes walk away, providing Overground services. Homerton University Hospital is also only a short 14-minute distance away. The sought-after location offers vibrant dining and buzzing bars within a 10-minute proximity. The popular Kingsland Shopping Centre is within 4 minutes from the property as well as a variety of pleasant greenery spaces such as Clissold Park.
*Precedence from neighbouring properties to build up and also build back, subject to planning permission*
*Fantastic opportunity for an end user looking for some income or a developer to add value*
*Units currently producing £57,300 PA total current yield 5.21%, great potential to increase these yields with refurbishments or development*
About this agent
At Square Quarters Estate Agents our moto is "We're not no.1, YOU ARE!' and this is truly at the heart of everything we do. Finding a comfortable, safe and affordable property to rent or buy in London is not always easy, but with the right estate agent it can be. We specialise in letting, management, BTL and sales. We are located in Islington N1 and we list a fantastic range of high quality properties in the very desirable surrounding zone 1 and 2 areas of London. We have proven experience that you can trust, adhere to industry-wide codes of practice and can provide guarantees that give ultimate peace of mind. We offer fantastic service and are always willing to go that extra mile! Contact us today and let us help you find your new home.