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The Point Building, Baron Street, London N1

  • Attractive Commercial and Residential Investment Opportunity.
  • Located in bustling and popular Angel in the London Borough of Islington.
  • A modern corner property in a highly prominent position.
  • Freehold.
  • Total current passing rent of £65,450 pa.
  • Comprising a ground floor commercial retail unit totalling 2,291 sq ft.
  • Let to Ryness Electrical Supplies Limited at £60,000 pa (£26.19 psf).
  • Lease expiry in September 2024.
  • £5,450 pa ground rent income from 14 residential apartments.
  • Ground rents double every 25 years with the next increase in January 2028.
  • We are instructed to seek offers in excess of £950,000 (Nine Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
  • A purchase at the asking price would reflect a Net Initial Yield of 6.52%, assuming standard purchasers’ costs of 5.69%.
Baronst N1 104 min
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