Property description
Commercial retail shop on busy parade of shops-TO LET / LEASE ASSIGNMENT
Key Features
Lease until 2026
Busy parade of shops
CCTV system
Glazed frontage
New shelves
Drinks cooler
Description
This is an opportunity to acquire commercial retail shop on busy parade of shops in sought after area of Islington. The High Street offers an excellent selection of amenities as the shops, bars and restaurants and benefits from high footfall. The shop comprises of glazed frontage, drinks coolers, alcohol shelves, CCTV system and laminate flooring. Furthermore, the shop benefits from Western Union money transfer service.
The property is located only few moments away from Crouch Hill station (London Overground) providing convenient connection to the London Underground and the rest of City. The high street is also easily accessible by car via A503 and A1201.
Accommodation
Ground floor shop:
Width/Frontage: 11” approx
Depth: 50“approx
Ground Floor size: 550sqft approx
Total accommodation size: 550sqft approx
Tenure
Leasehold/Lease Assignment – £10,400 per annum.
Our client wishes to assign the lease which has 14 years remaining.
Our client advised us that the shop weekly income is approximately £4,500.
Premium – our client is seeking a premium of £15,000.
Stock to be sold separately.
Legal Fees
Each party is to bear their own legal cost.
Rates
We have been advised by the client that the current rates payable are £1,770 per year. However, all interested parties are encouraged to make their own enquiries with Borough of Islington.
Viewings
By Prior Appointment through agents Ranson UK LTD.
Email: enquiries@ranson.co.uk
Tel: 0207 538 4057
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Property Info: