Mixed-use investment property for sale in Islington

This property is marketed by:
Strettons

KEY FEATURES

• Well located in the heart of Islington’s enclave of Canonbury, with nearby occupiers including a range of quality independents such as Cadet, Jolene, Perilla, and tranga. The Canonbury retail submarket is well regarded for retailers and F&B operators due to its exposure to a wealthy residential catchment in the surrounding streets of large Georgian and Victorian homes benefiting numerous small parks and gardens, canal walks, as well as the duck ponds and walks along the New River Walk.
• An inter-terraced property comprising a self-contained retail unit over ground and basement levels with rear courtyard, and 3 x 1-Bedroom flats over the upper floors.
• Retail NIA of c.657 sq. ft (61.04 sq. m), residential GIA of c.1,330 sq. ft (123.56 sq. m), providing a combined total area of 1,987 sq. ft (184.60 sq. m).
• The retail store is subject to a lease to Amberstage Limited (t/a ‘Mother Earth’ as an organic food and grocery shop) on a 35-year term expiring in 2042 at £17,000 per annum (c.£25.88 per sq. ft), which is considered reversionary. The lease is on effective FRI terms and is inside the security of tenure provisions of the L&T Act 1954.
• The upper floors comprise 3 x 1 bed flats each let on ASTs at a rent of £21,000 per annum (£1,750pcm).
• Total rents reserved £80,000 per annum exclusive

An inter-terraced 4-storey plus basement property forming part of an attractive retail parade in the heart of Canonbury. The building comprises a self-contained retail unit over ground and basement levels currently leased to an independent organic / wholefoods retailer trading as Mother Earth. The rear of the property has an external yard, currently demised to the retail unit. The upper floors are configured as three self contained 1-bed flats, each comprising living room, separate or galley kitchen, bedroom and bathroom/WC. All flats are let subject to ASTs.

The property is within walking distance of Canonbury, Highbury & Islington and Dalston Junction stations, providing excellent public transport connectivity with access to the Overground, Victoria, and National Rail lines. The area is also wellserved by numerous local bus routes.