freehold investment for sale
FREEHOLD INVESTMENT FOR SALE 36 DANBURY STREET, LONDON, N1 8JU
LOCATION The property is located on the east side of Danbury Street, close to its junction with Burgh Street, within a row of similar office units with residential upper parts. The area is mixed use in character with a number of period buildings with a mixture of office and residential uses. Angel London Underground Station (Northern Line) is approximately 0.4 miles to the west. The property is well located to benefit from a number of bus routes that run through the area providing local access.
ACCOMMODATION From our on-site measurement we have the following net internal areas: SQ. FT
SQ. M
GROUND FLOOR Office
367
34.13
-
-
343
31.85
19
1.75
WC BASEMENT
DESCRIPTION The property comprises a ground floor and basement commercial office, benefiting from a glazed, wooden framed frontage onto Danbury Street, with two maisonettes above which have been sold off.
Office
Vaults
132
12.30
The ground floor is fitted out as an office, with access to the basement via staircases both at the front and rear of the unit. Two WC’s are located on a half landing to the rear down from the ground floor. The basement is arranged as a meeting room with access out to a paved rear yard with some natural light. Storage is provided by way of under street vaults.
TOTAL
870
80.84
The property benefits from carpeting, central heating via a modern Valiant boiler, ceiling mounted enclosed fluorescent lighting, perimeter trunking and is in a reasonable condition. TENURE Freehold with vacant possession of the ground and basement and the upper parts sold off. We understand that 36 Danbury Street is owned freehold. The ground/basement office space will be offered with vacant possession. The upper parts, comprising two residential units (not inspected), are subject to long leases for 125 years from 24.12.1986, with just under 95 years unexpired. Both leases provide for £100 per annum ground rent doubling every 25 years from 25th December 1986. There is, therefore, a total of £400 per annum receivable at present. We assume the leases contain effective full repairing and insuring terms. SALE PRICE In the region of £650,000 subject to contract and existing tenancies. VAT is not payable on the sale.
Hall Storage
BUSINESS RATES We understand the current rateable value of the property as quoted on the VOA is £15,750. All interested parties are advised to confirm the current rates payable with the Local Authority. LEGAL COSTS Each party to bear their own legal costs in this transaction. VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd Jon Morell DDI – 020 7096 2785 [email protected] Will Beresford DDI – 020 7096 2780 [email protected] Beverley Hedge DDI – 020 7704 7514 [email protected] Ref: COM170131 For more information on our properties please visit our website – www.currell.com/commercial
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 property is located on the east side of Danbury Street, close to its junction with Burgh Street, within a row of similar office units with residential upper parts. The area is mixed use in character with a number of period buildings with a mixture of office and residential uses. Angel London Underground Station (Northern Line) is approximately 0.4 miles to the west. The property is well located to benefit from a number of bus routes that run through the area providing local access.
ACCOMMODATION From our on-site measurement we have the following net internal areas: SQ. FT
SQ. M
GROUND FLOOR Office
367
34.13
-
-
343
31.85
19
1.75
WC BASEMENT
DESCRIPTION The property comprises a ground floor and basement commercial office, benefiting from a glazed, wooden framed frontage onto Danbury Street, with two maisonettes above which have been sold off.
Office
Vaults
132
12.30
The ground floor is fitted out as an office, with access to the basement via staircases both at the front and rear of the unit. Two WC’s are located on a half landing to the rear down from the ground floor. The basement is arranged as a meeting room with access out to a paved rear yard with some natural light. Storage is provided by way of under street vaults.
TOTAL
870
80.84
The property benefits from carpeting, central heating via a modern Valiant boiler, ceiling mounted enclosed fluorescent lighting, perimeter trunking and is in a reasonable condition. TENURE Freehold with vacant possession of the ground and basement and the upper parts sold off. We understand that 36 Danbury Street is owned freehold. The ground/basement office space will be offered with vacant possession. The upper parts, comprising two residential units (not inspected), are subject to long leases for 125 years from 24.12.1986, with just under 95 years unexpired. Both leases provide for £100 per annum ground rent doubling every 25 years from 25th December 1986. There is, therefore, a total of £400 per annum receivable at present. We assume the leases contain effective full repairing and insuring terms. SALE PRICE In the region of £650,000 subject to contract and existing tenancies. VAT is not payable on the sale.
Hall Storage
BUSINESS RATES We understand the current rateable value of the property as quoted on the VOA is £15,750. All interested parties are advised to confirm the current rates payable with the Local Authority. LEGAL COSTS Each party to bear their own legal costs in this transaction. VIEWING Strictly by appointment with sole agents: Currell Commercial Ltd Jon Morell DDI – 020 7096 2785 [email protected] Will Beresford DDI – 020 7096 2780 [email protected] Beverley Hedge DDI – 020 7704 7514 [email protected] Ref: COM170131 For more information on our properties please visit our website – www.currell.com/commercial
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
