Mixed Use Investment Islington North London N1

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Auction date: Tue, 29/10/2024 - 12:00

Guide Price £990,000+. The property comprises a terraced 4-storey (plus basement) building. On the ground and basement and rear yard is a retail unit, currently leased to an independent organic / wholefoods retailer. The upper floors are configured as three self contained one bedroom flats. Retail unit let for a term of 35 years, expiring 17/12/2042, at a rent of £17,000 p.a.  First floor Residential Flat 1, let to an individual for at term of 24 months, expiring 11/02/2026 at a rent of £21,000 p.a. (Mutual break on 2 months notice). First floor Residential Flat 2, let to an individual for at term of 12 months, expiring 24/05/2025 at a rent of £21,000 p.a. First floor Residential Flat 3, let to an individual for at term of 12 months, expiring 06/01/2025 at a rent of £21,000 p.a. (Mutual break on 2 months notice).

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