Part let to tenant trading as Sky Gym & Cafe until 2029 (subject to option)
Potential Future Development Potential (subject to leases and consents)
Includes 6 flats let on separate leases
Property Located on the Busy and Fashionable Holloway Road
Affluent North London Location
Comprises approximately 657.00 sq m (7,072 sq ft)
Lot 11
Auction 5th May 2021
Rent £117,500 per Annum Exclusive
Status Sold
Price £2,210,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north of the City of London
Roads
A1, A503, A103, A501 (Inner Ring Road), A406 (North Circular Road)
Rail
Upper Holloway (Overground), Archway Underground Station (Northern Line), Holloway Road Underground Station (Piccadilly Line)
Air
London City Airport,
London Heathrow Airport
Situation
The affluent and highly fashionable North London Borough of Islington lies immediately north of the City of London and is home to attractions such as Saddlers Wells Theatre, Arsenals Emirates Stadium, and Highbury Field. The property is situated on the western side of Holloway Road just 300 metres south of Upper Holloway Overground Station and near to Whittington Park. Nearby occupiers include Co-op Food, and many local retailers and restaurants.
Tenure
Freehold.
Location
Miles
4 miles north of the City of London
Roads
A1, A503, A103, A501 (Inner Ring Road), A406 (North Circular Road)
Rail
Upper Holloway (Overground), Archway Underground Station (Northern Line), Holloway Road Underground Station (Piccadilly Line)
Air
London City Airport,
London Heathrow Airport
Situation
The affluent and highly fashionable North London Borough of Islington lies immediately north of the City of London and is home to attractions such as Saddlers Wells Theatre, Arsenals Emirates Stadium, and Highbury Field. The property is situated on the western side of Holloway Road just 300 metres south of Upper Holloway Overground Station and near to Whittington Park. Nearby occupiers include Co-op Food, and many local retailers and restaurants.
Tenure
Freehold.
Description
The property comprises a four storey building arranged as a ground and part first floor gym/cafe, together with four 1 bedroom flats and two studio flats arranged over the upper three floors which benefit from separate access from the front.
VAT
VAT is applicable to this lot.
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises a four storey building arranged as a ground and part first floor gym/cafe, together with four 1 bedroom flats and two studio flats arranged over the upper three floors which benefit from separate access from the front.
VAT
VAT is applicable to this lot.
EPC
D. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground Floor & 1st Floor Rear
Retail
427 sq m
(4,601 sq ft)
QC QUALITY CONSTRUCTION LIMITED t/a Sky Gym & Cafe (1)
4 years and 3 months from 01/12/2020 until 29/02/2024
£64,500
Total
657 sq m
(7,072 sq ft)
£117,500
(1) Sky Gym utilises the latest technology for an interactive and active workout, and has state of the art ski and boxing simulator technology (skygym.uk). (2) The lease is subject to a tenant option to determine on 04/01/2024.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
Contacts
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street London NW3 1QF
