LEASEHOLD/FREEHOLD AVAILABLE

The premises are arranged over four storeys with basement.  The property has the following net internal areas: Tenure The property is held part Freehold and part Leasehold. 13 Upper Street: The property is held on an existing 35 year FRI lease from 23 August 1983 due to expire 22 August 2018 at a passing rent of £89,300 per annum exclusive subject to 5 yearly rent reviews.  The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. 14 Upper Street The property is held Freehold. Consideration Offers in excess of £2.8 million for the Freehold and Leasehold interests. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £197,000.00 and the rates payable are £98,303.00 pa. The UBR for 2017/2018 is 49.90p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The property occupies a prime position on the western side of Upper Street, Islington.  Adjacent to the entrance to the Angel Central Shopping Centre, the unit enjoys significant passing footfall.  Nearby retailers include Monsoon/Accessorize, Oasis, Natwest, Joy and Three.  A goad plan is on the reverse of these particulars.

Sizes and Measurements

Total Size

2,937sqft

Sales Area

1,349sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,349sqft

Status

Under offer

Available from

Now

Ground Floor Ancillary

Details

Non-Sales

Size

340sqft

Status

Under offer

Available from

Immediately

First Floor Ancillary

Details

Non-Sales

Size

402sqft

Status

Under offer

Available from

Immediately

Second Floor Ancillary

Details

Non-Sales

Size

439sqft

Status

Under offer

Available from

Immediately

Third Floor Ancillary

Details

Non-Sales

Size

218sqft

Status

Under offer

Available from

Immediately

Basement

Details

Non-Sales

Size

189sqft

Status

Under offer

Available from

Immediately

Lease Information & Charges

Lease End

22/08/2018

Lease type

Freehold

For sale

£2,800,000

UBR

49.9p

Ratable Value

£197,000.00

Business Rates

£98,303/pa

Specification

  • 100% Prime Islington
  • Mixed Tenure
  • Former Bank premises – A2 consent

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