Sold
Holloway Road, Islington, London, N7
Commercial Property in Islington
Offers in excess of £900,000
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KEY FEATURES
- FOR SALE - Substantial Mixed Use Freehold Opportunity with Fully Licensed HMO located in prime Islington.
Description
A striking and extremely well positioned building offering a very strong diversified investment. The ground floor offers a delightful retail unit currently occupied as a café with a large rear garden and full kitchen. The commercial lease has a term of 9-years unexpired with Rent reviews due in 2026, 2029 & 2032.
The upper floors are currently laid out as a fully licensed HMO with each room having their own kitchenette & en-suite facilities. These rooms have been well-maintained by the current ownership and are currently fully let producing an income of £44,199.96 which we have been informed is below market value. There could be scope for further development in the future given the large rear garden that is currently occupied by the commercial tenant (STPP).
There is a strong and highly supportive local community with retailers benefiting from this appetite for commerce, resulting in an unusually low vacancy rate along the parade.
Location
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