Freehold For Sale Upper Street, Islington

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Ground & lower ground floors: to be sold with Vacant Possession
Residential Upper parts: fully let with £93,400 passing rent.

The property comprises a mid-terraced building arranged over lower ground, ground to fourth floors.

The ground and basement floors are currently arranged to operate as a restaurant / bar and will be sold with the benefit of vacant possession but could be suitable for a number of alternative uses STPP. The upper parts comprises three self contained flats.

The building was substantially renovated to a high specification in 2014 and is well presented.

The upper parts of the property are fully let and there is scope to add further value through the creation of roof terraces for Flats A & C. Interested parties would need to renew the planning permission for these works which was granted in 2015 and re-granted in 2019.

Copies of the floorplans and planning documentation are available to download from our website.

Location:
The property is situated in the west side of Upper Street, between the intersections with Barnsbury Street and Boulton Place. The area provides an abundance of leisure, shopping & entertainment facilities, in addition to the numerous bars, restaurants & art galleries, which all generate trade from the affluent local community and beyond.

Occupiers in proximity include: Superette, Islington Assembly Hall, The Post Office, Oliver Bonas, The Blue Legume, Ottelenghi and Lucky Voice, amongst a wide selection of other restaurants, bars, independent and national retailers.

The location has superb travel and communication links. Highbury & Islington Station (Victoria, Overground and Great Northern Lines) is 600m north of the property. Angel London Underground Station (Northern Line) is circa 900m to the south. Essex Road Station (Thameslink) is only 450m to the west.

There are numerous bus services running along Upper Street, which connect directly to both the West End and City.

Features:
- Freehold income producing investment of interest to owner occupiers and investors
- Commercial ground and lower ground floor available to let or for sale on a virtual freehold
- Residential flats current passing rent: £93,400 pa
- Potential to add value through the development of roof terraces STPP
- Situated in one of the most desirable & affluent parts of North London
- 275m to Islington Square
- Excellent transport communications
- Essex Road Station: 450m
- Highbury & Islington Station: 600m
- Angel Station: 900m