COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 ... - Realla
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE
Summary •Freehold investment in main road corner location 125m from Archway Underground Station •Newly built mixed use development •Residential rental income of £137,200 per annum, VP of ground floor retail unit •Offers in the in excess of £4.0M are invited
1
40 Great Eastern Street, London EC2A 3EP
020 7729 7763
StirlingAckroyd.com
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE Location The property is located on the east side of Junction Road (A400) at the junction with Vorley Road, 125m south of Archway Underground Station and the junction with Holloway Road/Highgate Hill (A1). The area is a dense residential suburb of north London with Highgate to the west, Tufnell Park to the south, Crouch End to the north and Holloway and Finsbury Park to the east. Junction Road is one of the main arterial routes through North London and the property is located amidst a busy retail pitch serving the area with neighbouring occupiers including the Post Office, Poundworld, Costa Coffee, Co-Op, Iceland, Greggs and many other local retails and restaurants.
2
StirlingAckroyd.com
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE
Description The property comprises a newly built mixed use development over ground, basement and three upper floors. The ground floor and basement comprises a retail unit with A1 use in shell condition and with vacant possession, ready to let. The upper parts comprise three upper floors of residential with communal roof terrace at third floor level. The approximate floor areas are as below. Sq m
Sq Ft
Retail ground floor
111.9
1205
Retail basement
108.9
1173
First floor 1 bed
41.96
451
First floor 2 bed
632
Second floor 1 bed
58.8 52.7
Second floor 1bed
46.6
501
Third floor 1bed
44.6
480
Third floor 1 bed/studio
34.4
370
Tenancies Each of the residential units are let on Assured Shorthold Tenancies at rents of between £1608 pcm and £3000 pcm. The total rent income from the residential lettings is £137,200 per annum.
567 The ground floor and basement will be offered with full vacant possession on completion. The unit is currently on the market at a rent of £70,000 per annum. The potential therefore exists to create an investment when fully let that produces in excess of £200,000 per annum.
Tenure The property is held freehold and will be offered subject to the existing residential tenancies and full vacant possession on the commercial floors.
Important Notice: Stirling Ackroyd (and their Joint Agents where applicable) for themselves and for the vendors or lessors of this property for whom they may or may not act, give notice that: (i) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of any offer or contract; (ii) Stirling Ackroyd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must rely on them as statements of fact or representations and must satisfy themselves as to their accuracy; (iii) no employee of Stirling Ackroyd (and their Joint Agency where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (iv) rents, prices and premiums quoted in these particulars may be subject to VAT in addition: and (v) Stirling Ackroyd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
3
StirlingAckroyd.com
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE
VAT We understand that the property is not elected for VAT.
EPC Further details can be provided on request.
Price Offers are invited in excess of £4,000,000.
Further information For further information please contact Jesse Gold or Simon Kelly as below:)
4
Jesse Gold
Simon Kelly
Stirling Ackroyd 020 3058 3612 [email protected]
Stirling Ackroyd 020 7549 0602 [email protected]
StirlingAckroyd.com
Summary •Freehold investment in main road corner location 125m from Archway Underground Station •Newly built mixed use development •Residential rental income of £137,200 per annum, VP of ground floor retail unit •Offers in the in excess of £4.0M are invited
1
40 Great Eastern Street, London EC2A 3EP
020 7729 7763
StirlingAckroyd.com
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE Location The property is located on the east side of Junction Road (A400) at the junction with Vorley Road, 125m south of Archway Underground Station and the junction with Holloway Road/Highgate Hill (A1). The area is a dense residential suburb of north London with Highgate to the west, Tufnell Park to the south, Crouch End to the north and Holloway and Finsbury Park to the east. Junction Road is one of the main arterial routes through North London and the property is located amidst a busy retail pitch serving the area with neighbouring occupiers including the Post Office, Poundworld, Costa Coffee, Co-Op, Iceland, Greggs and many other local retails and restaurants.
2
StirlingAckroyd.com
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE
Description The property comprises a newly built mixed use development over ground, basement and three upper floors. The ground floor and basement comprises a retail unit with A1 use in shell condition and with vacant possession, ready to let. The upper parts comprise three upper floors of residential with communal roof terrace at third floor level. The approximate floor areas are as below. Sq m
Sq Ft
Retail ground floor
111.9
1205
Retail basement
108.9
1173
First floor 1 bed
41.96
451
First floor 2 bed
632
Second floor 1 bed
58.8 52.7
Second floor 1bed
46.6
501
Third floor 1bed
44.6
480
Third floor 1 bed/studio
34.4
370
Tenancies Each of the residential units are let on Assured Shorthold Tenancies at rents of between £1608 pcm and £3000 pcm. The total rent income from the residential lettings is £137,200 per annum.
567 The ground floor and basement will be offered with full vacant possession on completion. The unit is currently on the market at a rent of £70,000 per annum. The potential therefore exists to create an investment when fully let that produces in excess of £200,000 per annum.
Tenure The property is held freehold and will be offered subject to the existing residential tenancies and full vacant possession on the commercial floors.
Important Notice: Stirling Ackroyd (and their Joint Agents where applicable) for themselves and for the vendors or lessors of this property for whom they may or may not act, give notice that: (i) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of any offer or contract; (ii) Stirling Ackroyd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must rely on them as statements of fact or representations and must satisfy themselves as to their accuracy; (iii) no employee of Stirling Ackroyd (and their Joint Agency where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (iv) rents, prices and premiums quoted in these particulars may be subject to VAT in addition: and (v) Stirling Ackroyd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
3
StirlingAckroyd.com
COMMERCIAL/RESIDENTIAL INVESTMENT FOR SALE 34 JUNCTION ROAD, ARCHWAY, LONDON N19 5RE
VAT We understand that the property is not elected for VAT.
EPC Further details can be provided on request.
Price Offers are invited in excess of £4,000,000.
Further information For further information please contact Jesse Gold or Simon Kelly as below:)
4
Jesse Gold
Simon Kelly
Stirling Ackroyd 020 3058 3612 [email protected]
Stirling Ackroyd 020 7549 0602 [email protected]
StirlingAckroyd.com
