SoldFreehold Shop and Upper Parts with Development Potential - Archway N19

Vacant possession of the whole possible 1st January 2022

169 Junction Road,  Archway, LONDON N19 5PZ

Features

  • Desirable and improving location - 900m from Parliament Hill Fields
  • Freehold
  • Three vacant flats plus a shop producing £12,000 pa
  • Substantial and attractive Victorian building of 2,873 sq.ft. GIA
  • Potential to develop and reconfigure and for alternative uses STPP
  • Exceptional transport communications: three stations within 600 metres
  • Only 150 metres from Dartmouth Hill Park

Location

The property is located on the east side of Junction Road (A400) just north of Monnery Road, in between Archway and Tufnell Park, an 'up and coming' part of inner north London. There is a wide variety of commercial occupiers in the immediate vicinity including include bakeries, cafés, offices, restaurants, bars and supermarkets. The Whittington Hospital is located approximately 600 metres north of the property.

Transport communications are excellent. Tufnell Park Station (Northern Line) is approximately 450 metres south and Archway Station (Northern Line) is 530 metres north. Upper Holloway London Overground Station is 575 metres to the north east. Numerous bus routes run along Junction Road.

The location has good access to public green spaces: Dartmouth Hill Park is only 150m to the west of the property and Hampstead Heath / Parliament Hill are approximately 900 metres to the west.

Gross internal area 267.00 sq.m. /2873 sq.ft. 

Ground Floor Shop59.36 sq.m. / 638 sq.ft.
Net Internal Area
Upper Maisonette98.82 sq.m. / 1063 sq.ft.
Gross Internal Area
Basement Flat Front35.11 sq.m. / 377 sq.ft.
Gross Internal Area
Basement Flat Rear42.93 sq.m. / 462 sq.ft.
Gross Internal Area

Description

The property comprises a four storey Victorian terraced building arranged on basement, ground, first and second floor levels with small attic level.

The occupier of the ground floor shop is holding over on a lease which expired in July 2015. The current passing rent is £12,000 pa. 

The remainder of the property is vacant.

The upper part comprises a self-contained maisonette which is currently arranged with 3 bedrooms, living room, kitchen/breakfast room, shower room / WC, additional separate WC and small attic storage room. 

There are two flats in the basement.

The front basement flat is accessed via the entrance lobby to the maisonette and comprises an open plan kitchen / living area, a bedroom and shower room / WC. This flat has no natural light or permanent ventilation so any letting of this property may be in breach of the Homes (Fitness for Human Habitation) Act 2018.

The rear basement flat is accessed from a shared gated pedestrian access way off Monnery Road and comprises a living room with open plan kitchen, a bedroom and a shower room / WC. There is an old door opening and lobby which connects the front and rear basement flats.

We understand that vacant possession of the entire property can be achieved by not later than 1st January 2022.

Terms

Freehold for sale (majority currently with vacant possession but we understand that full vacant possession should be possible by 1st January 2022)

Rateable value: £13,500

Estimated Rates Payable: £3,240 per annum

Service charge: n/a

Local authority: London Borough of Islington


Property reference: 29117 Updated: 02 Mar 2022