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Summary: - BTC is pleased to present a Freehold building for sale in a prime location in Islington's Barnsbury area, N1, close to Kings Cross. - The building spans 4 floors, featuring: - A large commercial unit over 2 floors - 2 x 1-bedroom apartments
Building Features: - Recently refurbished to a high standard - Ground floor: Lock-up shop and basement with flooring, glass frontage, small office, kitchenette, and WC - First Floor: Modern 1-bedroom apartment with open plan living room and kitchen, bathroom, spacious bedroom with large period sash windows and high ceilings - Top Floor: Modern apartment with stairs to the 2nd floor, open plan kitchen and reception, bathroom, spacious bedroom, and small loft area
Location: - Situated on Caledonian Road, Barnsbury area - Moments from Thornhill Square gardens - A few minutes' walk to Caledonian Road tube station - Close to Upper Street in Angel - Excellent access to Kings Cross/St Pancras International - Kings Cross/St Pancras International is a major transport hub with significant development and regeneration, attracting investment and amenities. Nearby developments include Google's European headquarters and Central St Martins College, enhancing the area's desirability.
Details: 1. Commercial Unit: - Producing £24,000 PA - 10-year FRI lease with no break clause - Rent review in 2024 and every 5 years thereafter - Approx. 1449 sq ft (134.6 sq.m)
- Flats produce £42,000 PA - Total rent per annum £66,000 with gross yield of 5.74% - Development potential, subject to planning permission
PRICE: £1,150,000 subject to contract
Tenure: Please confirm with BTC Group Limited Commercial whether this property is freehold or leasehold