Commercial Properties For Sale in London
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A rare opportunity to acquire a prominent freehold retail unit in the heart of Islington, fully fitted as a convenience store and off-licence. Offered with vacant possession and existing fixtures & fittings, providing an ideal turnkey opportunity in a prime London trading location.
- Double Shutter
- Spacious
- Close to Train Station
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4 storey building 5895 sq.ft. approx. GIA including lift area, currently used as a retail gallery on the ground floor with associated workshop and offices on the upper. All floors are serviced by a lift and stairwell to the rear of the building, accessed via Luke Street.
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4 storey building 5895 sq.ft. approx. GIA including lift area, currently used as a retail gallery on the ground floor with associated workshop and offices on the upper. All floors are serviced by a lift and stairwell to the rear of the building, accessed via Luke Street.
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4 storey building 5895 sq.ft. approx. GIA including lift area, currently used as a retail gallery on the ground floor with associated workshop and offices on the upper. All floors are serviced by a lift and stairwell to the rear of the building, accessed via Luke Street.
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The property comprises of an attractive substantial three storey office building in addition to which there is also a basement (storage area). The property is Grade II* Listed (No. 1235537). The main front entrance is accessed directly off Stoke Newington High Street, however there is also a rear entrance via Wilmer Place, where the private car parking is also accessed, for which there is spaces for at least 5 vehicles. Garden to rear. The current use of the property is offices (B1 Use Class). Basement - 12.77sq.m/137.5 sq.ft Ground Floor - 139.18 sq.m./1498 sq.ft. First Floor - 133.81 sq.m. /1440.3 sq.ft Second Floor - 138.9 sq.m/1495.1 sq.ft. £35 per sq.ft. plus service charge, rates and other outgoings.
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The current accommodation comprises a four-storey mixed use block with a basement. The Ground floor and basement is currently occupied by Done Brothers as a Betfred. The first, second and third floor comprise eight fully let, well fitted flats. ¦ A prime East London mixed-use investment. ¦ Offers in the region of £3,000,000 ¦ Ground floor and basement is currently tenanted by a Betfred. ¦ Eight tenanted flats situated on the upper levels. All flats are in good condition and benefit from a modern fit out. ¦ Annual income circa £235,000. ¦ The ground floor commercial unit is Use Class Sui Generis. ¦ The property is a former public house with attractive Victorian construction across the ground, first and second floors. ¦ The roof is currently utilised as an income generating telephone mast installation. ¦ VAT is currently charged on the commercial unit and the telephone mast.
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The building is set in mid terrace between retail units. Ground Floor GIA 281 sq. m. (3,024 sq. Ft) Floor to ceiling height of 3.5 m approx. Basement GIA 153 sq. m. (1,645 sq. ft.). Shop Commercial tenanted at £45,000 pa on a 10 year lease from October 2020. Lease available upon request.Flat 1 - Furnished - 1 bed 46 sqm. approx, Flat 2 - Furnished - 2 bed 56sqm. approx., Flat 3 - Furnished - 3 bed 86 sq.m. approx, Flat 4 - Furnished - 1 bed 45 sq.m. approx., Flat 5 - Furnished - 2 bed 53 sq.m approx., Flat 6 - Furnished - 1 bed 42 sq.m approx. Residential element currently producing £100,171.08 per annum There is potential for the residential parts to be sold with vacant possession NB 2 rooms in the roof that maybe able to be incorporated into one of the flats
