FREEHOLD RETAIL INVESTMENT OPPORTUNITY FOR SALE IN THE HEART OF ISLINGTON.
A Freehold Retail & Ground Rent Investment Opportunity superbly located along the vibrant Chapel Market in the heart of Islington. The Ground Floor Retail premises (1,035 sq.ft./96.2 sq.m.) are in fantastic condition (Use Class E) enjoying substantial depth and currently let on a new FRI lease to Sudan Nails & Beauty (London) for a term of 10 years from 2020 with a 5 year mutual break at £35,000 per annum.
The residential upper floors have been the subject of an exhaustive programme of reconstruction and now comprise 3 luxury residential apartments all sold off on long leases with unexpired terms of 125 years. These units generate Ground Rents of £250 each per annum, doubling every 25 years, providing further residual income.
The property enjoys excellent convenience for public transport with Angel underground station (Northern line) approximately 0.2 miles to the east allowing for easy access into the City and West End. Many national retailers, coffee shops, restaurants and banks can be found within the immediate vicinity including Waitrose, McDonalds, Specsavers, Costa Coffee, JD Sports, Marks & Spencer and HSBC.