Retail premises for sale in 36 Islington Green, Islington, London N1, £380,000

380,000.00

Offer Nr.:
65087427
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Strettons City & City Fringe
Phone(s):
020 8022 4551

* Leasehold
**Key Points**
* Opportunity to acquire a well - positioned, self - contained ground and basement floor retail investment
* Let to an independent operator on a 10 - year lease expiring 16. 12. 2030 (subject to tenant break option 17. 12. 2025)
* Passing rental income of £25, 000 per annum exclusive, subject to 5 yearly upwards only to market rent reviews, with the next review on 17. 12. 2025.
* Total area of 437 sq. Ft (40. 6 sq. M) across ground and basement.
* To be sold on a new 999 - year long leasehold at a peppercorn rent.
* Prominent frontage to Islington Green and adjacent to the Camden Passage thoroughfare
* Located in a busy retail pitch close to Waitrose and and Angel Business Centre
**Description**
The unit comprises a small self - contained ground floor retail unit with a
period timber shop front re - fitted by the current tenant as a barbershop. The
unit is smoothly presented with wooden flooring and simple pendant lighting
with an internal WC to the rear of the shop. The unit also benefits from a
reduced - height basement storage area.
**Location**
The property is located in a local parade on Islington Green, which forms part
of and lies adjacent to the fashionable and popular Camden Passage area of
Islington, supporting a diverse retail offering ranging from celebrity fashion
boutiques, chocolatiers, antiques ethical fashion, jewelers, interior design,
bars and restaurants. Nearby occupiers include Chipotle, Pizza Express, Reiss,
Tesco Metro, Crêpeaffaire, and numerous independent
retail, and quality eateries and takeaways.
The property is well connected being a short walk from Angel underground
station, providing access to the Northern Line.
**Convenant**
An independent Turkish men's barbers established in December 2020 that has
become a neighborhood favourite. It is operated as a family - run independent
hair salon.

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