Freehold building for sale in a prime location in Islington’s Barnsbury

Freehold building for sale in a prime location in Islington’s Barnsbury

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