Auction House London

Lot 28

Mixed Use - Commercial Property 

480 Holloway Road

Holloway, London, N7 6HT

Unsold, please refer to Auctioneer

A Commercial and Residential Investment Comprising a Shop and Two Self-Contained Three Bedroom Flats. Fully Let Producing £78,060 Per Annum

30th June Completion Available at Buyer's Request

Description

The property comprises a mid terrace building arranged to provide a ground floor shop and 2 x three bedroom flats on the first and second floors. There is also a lock-up garage to the rear.

Tenure

Freehold

Location

The property occupies a prominent position on Holloway Road adjacent to B&Q. Other nearby multiples include Superdrug and Carphone Warehouse. The Emirates Stadium (Arsenal FC) is a short walk away. Transport links are provided by Holloway Road underground station (Piccadilly line) and Drayton Park rail station.

Current Rent Reserved

Current Rent Reserved £78,060 per annum

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Ground Retail Area, Kitchen/Storage, Office, WC Let to North London Furniture Solutions Ltd on a (new) 20 year FRI lease commencing 1.6.21 at a rent of £3,555 pcm. Reviews every 5 years. 10 year break. Tenant been in occupation for 16 years. £42,660
Flat A First Open Plan Reception Room/Kitchen, Three Bedrooms, Bathroom Let on an AST commencing 9.11.20 and expiring 8.5.22 at a rent of £1,550 pcm £18,600
Flat B Second Open Plan Reception Room/Kitchen, Three Bedrooms, Bathroom Let on a 12 month AST commencing 15.12.20 at a rent of £1,400 pcm £16,800

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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