Retail Property (high street) for sale

95 Seven Sisters Road and 165 & 167 Hornsey Road, London N7 6RA

Fixed Price £1,175,000
3,163 sq. ft.

Property Description

Commercial information

  • 3,163 sq ft (293 sq m)
  • Use class orders: A3 Restaurants and Cafes and A5 Hot Food Take away

Key features

  • Prominent corner position. Thriving residential and commercial area.
  • The property is arranged on basement and ground oor to provide a large ground oor and basement mixed retail investment. A1 and A3 use.
  • The residential upper parts have been sold off on a 999 year lease at a peppercorn ground rent.
  • Reversion 2038. No breaks.
  • VAT is NOT applicable to this property.
  • Occupiers close by include Poundstretcher, Peacocks, Tesco Express, McDonald's and numerous independent retailers.

Full description

Tenure: Freehold

Investment Consideration:
OIRO: £1,175,000
Gross Initial Yield: 5.53%
Rent: £65,000 p.a.
Reversion 2038. No breaks.
RPI linked uplifts.
VAT is NOT applicable to this property.
Prominent corner position. Thriving residential and commercial area.
The property is arranged on basement and ground oor to provide a large ground oor and basement mixed retail investment. A1 and A3 use.
The residential upper parts have been sold off on a 999 year lease at a peppercorn ground rent.
0.95 km (0.55 miles) to Finsbury Park Station.
Occupiers close by include Poundstretcher, Peacocks, Tesco Express, McDonald's and numerous independent retailers.

Description:
The property is arranged on basement and ground floor mixed retail with the residential upper parts sold off on a 999 year lease at a peppercorn ground rent. The property benefits from a prominent corner position in a thriving residential and commercial area.

Tenancy:
The entire property is at present let to Hansali Corporate Limited t/a The Junction for a term of 20 years from the 19th February 2018 at a current rent of £65,000 per annum. The lease contains full repairing and insuring covenants. The property has A1 and A3 usage.

Location:
The property occupies a predominant position on the corner of Seven Sisters Road (A503) and Hornsey Road (A103), less than 0.4 km (0.25 miles) east of the A1 (Holloway Road), within a densely populated residential and commercial area. Nag's Head Shopping Centre is 0.27 km (0.17 miles) away. The Nag's Head area is one of two major retailing centres in London Borough of Islington with over 225 shops, leisure facilities, bars and restaurants. The property is situated within a short walking distance to the Sobell Leisure Centre and Emirates Stadium with the North Campus of London Metropolitan University also close by. The area is well served for transport communications: Finsbury Park (Main Line Rail, Victoria and Piccadilly London Underground Lines) is 0.88 km (0.55 miles) to the north east and Arsenal Underground Station (Piccadilly Line) is 0.64 km (0.4 miles) to the east. Seven Sisters Road and Hornsey Road are major bus routes along which there are numerous services running at frequent intervals.


More information from this agent

Nearest stations

  • Arsenal (0.5 mi)
  • Finsbury Park (0.5 mi)
  • Holloway Road (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Blue Alpine , London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

020 8012 6273 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Arsenal (0.5 mi)
  • Finsbury Park (0.5 mi)
  • Holloway Road (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Blue Alpine , London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

020 8012 6273 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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