lease available
LEASE AVAILABLE PROMINENT OFFICE BUILDING ADJACENT TO HIGHBURY & ISLINGTON STATION NORTHWAY HOUSE, 257-258 UPPER STREET, ISLINGTON, LONDON, N1 1RU 9,200 SQ. FT (854.6 SQ. M) APPROX.
LOCATION The building is located on Upper Street, at its junction with Highbury Station Road and close to Highbury Corner, a very desirable location. Upper Street is the main commercial thoroughfare of Islington with its wide variety of shops, bars, restaurants and offices.
PROPOSED ASSIGNMENT This is an assignment of a fully repairing and insuring lease for a term of 43 years from 29th September 1979, with approximately 6 years 6 months remaining. Rent reviews are upwards only and every 5 years with the next review being due on 29th September 2017.
The subject building is almost adjacent to Highbury & Islington Station and regular bus routes run along Upper Street.
RENTAL The current passing rental is £180,000 per annum exclusive of business rates, insurance and VAT if applicable.
DESCRIPTION Comprises a 4 storey plus basement character building currently providing office space on all floors.
SERVICE CHARGE To be advised.
The second and third floors are almost identical in layout and style comprising mainly open plan space with 2 small partitioned rooms on 3rd floor and 1 partitioned room on the 2nd floor. Space benefits from carpeting, Cat II lighting, gas central heating, single glazing, teapoint, good natural light throughout and fire escape at the rear. There are male and female WCs in the common areas.
BUSINESS RATES We understand the current rateable value of the property as quoted on the VOA is £236,000. All interested parties are advised to confirm the current rates payable with the local authority.
The 1st floor is open plan with two meeting rooms at the front, male and female WCs inside the office space, comms room, part suspended ceiling with air conditioning and secondary glazing on some of the windows.
LEGAL COSTS Each party to bear their own legal costs in this transaction.
The ground floor provides reception area with a large open office space behind with one small partitioned room at the rear, teapoint and WCs. Space benefits from suspended ceiling with integral CAT II lighting, wall mounted and ceiling mounted air conditioning, perimeter trunking The basement has no natural light and is more basic space comprising storage space, shower room and lockers, office/hot desking room, one office area, large kitchen/staff room. There is gas central heating throughout, passenger lift serving all floors and a fire escape from the top floor to ground floor level.
POSSESION Upon legal completion of formalities.
VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd. Jon Morell DDI – 020 7096 2785 [email protected] Will Beresford DDI – 020 7096 2870 [email protected] Beverley Hedge DDI – 020 7704 7514 [email protected] Ref: COM160032
There is also a rear car park area with 1 disabled, 3 car spaces, bicycle shed and bin storage.
For more information on our properties please visit our website – www.currell.com/commercial
ACCOMMODATION We have not undertaken on-site measurement but understand that the commercial space has a total floor area of approximately 9,200 sq. ft. (854.6 sq. m) net internal area over basement, ground, first, second and third floors. Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
LOCATION The building is located on Upper Street, at its junction with Highbury Station Road and close to Highbury Corner, a very desirable location. Upper Street is the main commercial thoroughfare of Islington with its wide variety of shops, bars, restaurants and offices.
PROPOSED ASSIGNMENT This is an assignment of a fully repairing and insuring lease for a term of 43 years from 29th September 1979, with approximately 6 years 6 months remaining. Rent reviews are upwards only and every 5 years with the next review being due on 29th September 2017.
The subject building is almost adjacent to Highbury & Islington Station and regular bus routes run along Upper Street.
RENTAL The current passing rental is £180,000 per annum exclusive of business rates, insurance and VAT if applicable.
DESCRIPTION Comprises a 4 storey plus basement character building currently providing office space on all floors.
SERVICE CHARGE To be advised.
The second and third floors are almost identical in layout and style comprising mainly open plan space with 2 small partitioned rooms on 3rd floor and 1 partitioned room on the 2nd floor. Space benefits from carpeting, Cat II lighting, gas central heating, single glazing, teapoint, good natural light throughout and fire escape at the rear. There are male and female WCs in the common areas.
BUSINESS RATES We understand the current rateable value of the property as quoted on the VOA is £236,000. All interested parties are advised to confirm the current rates payable with the local authority.
The 1st floor is open plan with two meeting rooms at the front, male and female WCs inside the office space, comms room, part suspended ceiling with air conditioning and secondary glazing on some of the windows.
LEGAL COSTS Each party to bear their own legal costs in this transaction.
The ground floor provides reception area with a large open office space behind with one small partitioned room at the rear, teapoint and WCs. Space benefits from suspended ceiling with integral CAT II lighting, wall mounted and ceiling mounted air conditioning, perimeter trunking The basement has no natural light and is more basic space comprising storage space, shower room and lockers, office/hot desking room, one office area, large kitchen/staff room. There is gas central heating throughout, passenger lift serving all floors and a fire escape from the top floor to ground floor level.
POSSESION Upon legal completion of formalities.
VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd. Jon Morell DDI – 020 7096 2785 [email protected] Will Beresford DDI – 020 7096 2870 [email protected] Beverley Hedge DDI – 020 7704 7514 [email protected] Ref: COM160032
There is also a rear car park area with 1 disabled, 3 car spaces, bicycle shed and bin storage.
For more information on our properties please visit our website – www.currell.com/commercial
ACCOMMODATION We have not undertaken on-site measurement but understand that the commercial space has a total floor area of approximately 9,200 sq. ft. (854.6 sq. m) net internal area over basement, ground, first, second and third floors. Important Notice: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be deemed to be a statement that the property is in good structural condition or otherwise nor that any services, equipment or facilities are in good working order. 3. Whilst all information contained in these particulars whether in the text, plans or photographs is given in good faith, intending purchases must make their own enquiries as to the accuracy of all matters upon which they intend to rely. 4. Value Added Tax - All rents, premiums, prices or other financial arrangements and charges stated are exclusive of Value Added Tax. Currell Commercial Ltd. Registered in England No 3905752. Registered Office: 9 Bonhill Street, London EC2A 4DJ
