N7 162 Holloway Road, Holloway, London

Highly Prominent Retail/Office Building Investment

Ideal for Development/ Change of Use

Comprises a highly prominent retail/office building arranged as a ground floor shop and basement together with self contained first, second and third floor offices. The ground floor shop and basement is tenanted with the upper floors vacant which provides an opportunity for a change of use/development of the offices either by way of permitted development rights. There is also a possibility of adding additional space at the rear of the building

(Subject to obtaining the Necessary Consents)

The ground floor shop and basement is Let to 21st Centuryretro Limited on a proportional Full Repairing and Insuring Lease for a term of 15 Years from the 15th June 2010 at a current rent of £26,000 pax plus Vat. Negotiations are taking place with the tenants for them to take a new Proportional Full Repairing and Insuring Lease for a term of 10 Years from June 2025 subject to a rent review at the end of the 5th year and also subject to a Landlord or tenant break clause operable at the end of the 3rd Year at a commencing Rental of £31,800 pax plus Vat.

The property is located in a highly prominent position on the North East side of Holloway Road (A1) close to the junctions of Drayton Park and Hornsey Road. Adjacent occupiers include the London Metropolitan University, Jamie Oliver Cookery School together with many well known multiple and local retailers, bars and restaurants. The Emirates Stadium is within walking distance. Transport facilities are excellent with Holloway Road Underground Station (Piccadilly Line) and Highbury & Islington Underground Station (Victoria Line) both being within walking distance. Numerous bus routes also serve the area.