61 - 63 Islington Park Street, London, N1 1QB

Description
This opportunity comprises a well-maintained mixed-use building spanning five floors. The property is fully let, with B Dental Limited occupying the ground and lower ground floor for a term of 20 years from 19th December 2017 until 18th December 2037 at a current rent of £58,750 per annum. This commercial lease supported via a strong covenant with B Dental Limited sitting within the BUPA Group of companies.

The upper three floors of the property are accessed via their own private entrance and comprising of three excellent self-contained lateral one-bedroom apartments, each occupying an entire floor. These properties have been successfully let out for a considerable number of years and currently produce an income of £63,600 per annum on AST’s. Combined the building is generating an income of £122,350 per annum.

This property offers excellent potential for those looking to invest in a mixed-use building in a sought-after area of London.

Location
Islington Park Street is moments from Highbury & Islington Underground Station, and the ever-popular Upper Street with fashionable retailers, restaurants, bars and a rich arts and culture scene making it an extremely desirable location for both a residential and an investment standpoint.

The property is exceptionally well located in Prime Islington, offering a standout investment opportunity thanks to its proximity to Upper Street and the vibrant core of Islington. The building benefits from immediate access to a wide array of amenities, from fashion retailers, restaurants, bars, and a rich arts and culture scene.

Set in a superb central location, the property enjoys excellent connectivity with multiple transport links close, with stations such as Angel, Highbury & Islington, Caledonian Road, and Farringdon all within easy reach, commuting across Central London is both convenient and efficient.

Terms
Tenure – Freehold.

Use Class – E Class.

Local Authority – London Borough of Islington.

Services - It is our understanding that mains water, electricity, gas and drainage are provided. However, it is the responsibility of the purchaser to ensure that services are available and adequate for any future uses.

AML- The purchaser will be required to provide the necessary information to satisfy AML requirements.

Viewings - The properties may be inspected internally strictly through prior appointment. Prospective purchasers should be aware that inspections are made entirely at their own risk and no liability is accepted by the vendor or their sole agents, Winkworth
Commercial.

VAT- The Property is not elected for VAT.

Rates Payable - To be advised.

EPC - TBC.

Method of Sale - The Property is For Sale by Private Treaty on the following Guide Price:- £2,250,000 (Subject to Contract).