4 bedroom block of apartments for sale

This large mixed use building in the busy Nag's Head area of Islington ccomprises a ground floor commercial unit and three apartments. All four units are currently let, and the property has been well maintained and is in good condition throughout.

Located at the end of an attractive Victorian terrace with a shopping parade at ground floor level, this substantial three storey property consists of a 391 sq ft commercial unit and a 517 sq ft one bedroom garden flat on the ground floor, a 564 sq ft two bedroom apartment on the first floor, and a 831 sq ft two bedroom duplex on the second and third floors.

The commercial unit, currently fitted out as a stylish hairdressing salon, has a single entrance via the fully glazed frontage and consists of a large 26’2” by 12’7” main room with banquette seating, a small rear reception area, and a wood panelled rear wall with a concealed door to a kitchen and WC.

To the rear of the ground floor, the one bedroom garden flat can be accessed both via its main door at the side of the property and through double vehicle gates on the quiet cul-de-sac behind the property. The main door opens into an L-shaped hallway with doors to the living room, kitchen, bedroom, and bathroom. It also has a built-in storage cupboard. All the rooms are a good size. The living room has room for a sofa and dining table, and has French doors to the pleasant, paved courtyard garden, the double bedroom can accommodate a kingsize bed, the kitchen is well equipped, and the bathroom is fitted with a bath, washbasin console, and WC. the paved garden can be used for vehicle parking if required.

The two bedroom apartment on the first floor is light and airy. The spacious (approx 16 x 17 ft) open plan living room/kitchen room has tow windows including a wide bay, the main double bedroom is at the quiet rear of the property, the second bedroom measures 10’9” by 6’9”, and the bathroom has a bath and a window.

Apart from its entrance and stairs on the first floor, the two bedroom upper duplex is located entirely on the second and third floors of the property. The second floor is home to an open plan living room/kitchen (similar to the flat below), a double bedroom and the main bathroom. The main bedroom suite, which occupies all the third floor, comprises a double bedroom with two Velux windows and eaves storage, and a smart en suite shower room, also with a Velux window.

All three apartments are in good condition throughout, with mainly white décor and contemporary fixtures and fittings including high gloss white fitted kitchens with integrated and freestanding appliances, tiled bathrooms with contemporary white sanitaryware, and engineered wood /wood laminate floors. The apartments are double glazed and have gas central heating,

All units are occupied, with a total rental value of c.£100k per annum. The apartments are let on ASTs, and the commercial unit is on a long lease.

LOCAL LIFE

The bustling commercial area of Nag’s Head is a major commercial centre and a significant local destination for shopping and amenities. with a shopping centre, market, and mix of retail and service businesses.

Holloway Road tube station on the Piccadilly Line is half a mile from the property.

MONEY LAUNDERING REGULATIONS

Should a purchaser(s) have an offer accepted on a property marketed by Thomas James Estate Agents, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £25+VAT (£30) per purchaser, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.