34 Islington Green, London, N1 8DU

34 Islington Green is located adjacent to the picturesque cobbled back street of Camden Passage and overlooking the green space of Islington Green. Islington Green is enviously placed between Upper Street and Essex Road offering a wide variety of shops, bars and eateries. This property is conveniently positioned within a short walking distance from Angel underground station with easy access to Central London and the City.

The property comprises three lock up kiosks all let on separate commercial leases as set out in the tenancy schedule.

Total rental income equates to £44,000 pax.

Accommodation
(all sizes approximate) -

Units 1 and 2.
Gross Internal Area - 18.61m² (200.31ft²).
Retail space to include WC. Let to a private individual for a term of 5 years from 5/11/2020. £19,000 pax. Full Repairing Lease subject to a service charge for communal matters. Reversion in 2025.

Unit 3.
Gross Internal Area - 9.25m² (99.56ft²).
Retail space. Let to a private individual for a term of 3 years from 1/11/2023. £11,000 pax. Full Repairing Lease subject to a service charge for communal matters. Reversion in 2028.

Unit 4.
Gross Internal Area - 12.12m² (130.45t²).
Retail space. Let to a private individual for a term of 3 years from 7/08/2024. £14,000 pax. Full Repairing Lease subject to a service charge for communal matters. Reversion in 2027.

Guide Price- Offers are invited in the region of £700,000 for the freehold interest subject to three commercial leases and the maisonette above sold on a long lease (999 years). Please see the tenancy schedule in the sales particulars. The vendor is not obliged to accept the highest offer. All offers will be subject to contract.

PLEASE NOTE: The vendor will consider offers for both the commercial and residential elements. Please discuss with the selling agent.

VAT
The property is not elected for VAT.

Viewings
The retail units may be viewed by appointment only with this office.

Planning
The property falls within the London Borough of Islington. Applicants are to make their own enquiries with the local authority.

Energy Performance Ratings
Unit 1 and 2 - C (71)
Unit 3 - D (88)
Unit 4 - E (109)