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- 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%.
