The property is located at the eastern end of Islington Park Street c.30 metres west of Islington's fashionable Upper Street. The area provides an abundance of leisure, shopping & entertainment facilities, in addition to the numerous bars, restaurants & art galleries, which all generate trade from the affluent local community and beyond.
The location has superb travel and communication links. Highbury & Islington Station (Victoria, Overground and Great Northern Lines) is circa 300m north of the property. Angel London Underground Station (Northern Line) is circa 1.2km to the south.
There are numerous bus services running along Upper Street, which connect directly to both the West End and City.
Gross internal area 95.95 sq.m. /1032 sq.ft.
The property comprises ground and first floor offices with gross internal area of c. 95.95 sq.m (1,033 sq.ft) and a single car parking space.
The property is held on a Long Lease dated 11th August 1987 for a term of 500 years from 29 September 1986, at a peppercorn ground rent.
Our client has already obtained consent from the freeholder for residential use. The property is outside the areas affected by Islington's Article 4 Directive and subject to satisfying the qualifying criteria therefore benefits from permitted development rights to be converted to residential.
500 Year long lease from 29th September 1986 at a peppercorn ground rent for sale with vacant possession.
Rateable value: £23,000
Estimated Rates Payable: £11,040 per annum
Service charge: TBC
Local authority: London Borough of Islington