An opportunity to acquire a mixed-use property situated on Barnsbury Road, N1.
Ideally located 0.3 miles from Angel Station (Zone 1, Northern Line).
The property is arranged as a restaurant (E Class) over ground and lower ground floors (3,154 sq ft) and 13 self-contained studios (HMO) over first, second and third floors (2,975 sq ft NIA).
Total NIA – 6,129 sq ft.
Total GIA – 6,783 sq ft.
The commercial unit is let to Little Georgia North Limited for a term of 25 years from 24th May 2011 at an annual rent of £60,500.
The residential upper parts have been newly refurbished within the last 12 months and are fully let producing £243,223.80 per annum.
Total passing rent of £303,723.80 per annum.
Freehold.
PROPOSAL
Offers in excess of : £4,000,000+
subject to contract
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