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Prime retail and leisure investment opportunity for sale in London

21 Essex Road, Islington, London, N1 2SA
For sale
£2,600,000 Offers In Excess Of
colliers
This property is marketed by:
Colliers

Key features

  • Located in Islington, one of London’s most affluent Boroughs.
  • Situated on Essex Road which benefits from a variety of pubs, bars, shops and restaurants. The asset is additionally in close proximity to Islington Green, Upper Street and Angel Underground Station.
  • Nearby occupiers include Tesco Express, Sainsbury’s, Waterstones, Barrio, Simmons Bar, Jolene Bakery and the Old Queens Head.
  • Comprises three ground floor units providing a total floor area of 7,926 sq ft (736.4 sq m).
  • The three units are held on separate long leasehold interests at fixed peppercorn rents.
  • Fully let to Floatworks, Brewdog (sublet to Hollow Rocks) and Balfe’s Bikes, producing a total rent passing of £221,500 per annum (annual stepped rents to be topped up).
  • Attractive Average Weighted Unexpired Lease Term of 9.8 years to expiry (8.7 years to break).