Self-contained retail investment for sale in Islington

This property is marketed by:
Strettons

Property Features

• Opportunity to acquire a well-positioned, self-contained ground and basement floor retail investment
• Let to an independent operator on a 10-year lease expiring 16.12.2030 (subject to tenant break option 17.12.2025)
• Passing rental income of £25,000 per annum exclusive, subject to 5 yearly upwards only to market rent reviews, with the next review on 17.12.2025.
• Total area of 437 sq. ft (40.6 sq. m) across ground and basement.
• To be sold on a new 999-year long leasehold at a peppercorn rent.
• Prominent frontage to Islington Green and adjacent to the Camden Passage thoroughfare
• Located in a busy retail pitch close to Waitrose and and Angel Business Centre

Description

The unit comprises a small self-contained ground floor retail unit with a period timber shop front re-fitted by the current tenant as a barbershop. The unit is smoothly presented with wooden flooring and simple pendant lighting with an internal WC to the rear of the shop. The unit also benefits from a reduced-height basement storage area.

The property is located in a local parade on Islington Green, which forms part of and lies adjacent to the fashionable and popular Camden Passage area of Islington, supporting a diverse retail offering ranging from celebrity fashion boutiques, chocolatiers, antiques ethical fashion, jewelers, interior design, bars and restaurants. Nearby occupiers include Chipotle, Pizza Express, Reiss,Tesco Metro, Crêpeaffaire, and numerous independent retail, and quality eateries and takeaways.

The property is well connected being a short walk from Angel underground station, providing access to the Northern Line.