Nearby occupiers include Marks & Spencer, Pret a Manger, Boots the Chemist and Waitrose
Lot 12
Auction 18th October 2011
Rent £66,000 per Annum Exclusive
Status Sold
Price £1,210,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
Zone 1, Central London location, in the Borough of Islington
Roads
A1, A501
Rail
Angel and Highbury and Islington London Underground Stations (Northern and Piccadilly lines) , Kings Cross Mainline Station (1 mile)
Air
London City, London Stansted, London Luton
Situation
The property is well situated in a prominent position opposite Angel Underground Station, on the junction of Upper Street, and Liverpool Road. The nearby occupiers include Marks & Spencer, Pret a Manger, Boots the Chemist, Waitrose, Gap, Burger King and Sainsbury's.
Tenure
Freehold.
Location
Miles
Zone 1, Central London location, in the Borough of Islington
Roads
A1, A501
Rail
Angel and Highbury and Islington London Underground Stations (Northern and Piccadilly lines) , Kings Cross Mainline Station (1 mile)
Air
London City, London Stansted, London Luton
Situation
The property is well situated in a prominent position opposite Angel Underground Station, on the junction of Upper Street, and Liverpool Road. The nearby occupiers include Marks & Spencer, Pret a Manger, Boots the Chemist, Waitrose, Gap, Burger King and Sainsbury's.
Tenure
Freehold.
Description
The property consists of a ground floor retail unit with two floors of office accommodation, currently in use as an orthodontist and dental clinic.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property consists of a ground floor retail unit with two floors of office accommodation, currently in use as an orthodontist and dental clinic.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement First Floor Second Floor
Retail and Storage Ancillary Storage Surgery and Premises Surgery and Premises
113.36 sq m 34.71 sq m 34.76 sq m 30.45 sq m
(1,220 sq ft) (374 sq ft) (374 sq ft) (328 sq ft)
SWEET VENTURES LTD (t/a Cards Galore) (1) (2)
10 years from 24/03/2009
£66,000
24/03/2014
Totals
213.28 sq m
(2,296 sq ft)
£66,000
(1) The tenant has sublet the upper floors of the property. 2) For the year ending 31st March 2010, Sweet Ventures Ltd reported a turnover of £12,528,828, a pre-tax profit of £274,856 and a total net worth of £1,003,175. (Source www.riskdisk.com 20/09/2011)