Prominent position on a busy market street close to Angel Underground Station
Nearby occupiers include McDonald’s, Superdrug, Waitrose, Marks & Spencer and JD Sports
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 2
Auction 8th December 2016
Rent
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the instructions of JLL
Property Information
Location
Miles
Zone 1 Central London location, 1 mile north of the City of London
Roads
Liverpool Road (B515), A1, A501 (Inner Ring Road)
Rail
Angel Underground Station (Northern Line),1 mile London Kings Cross (Mainline)
Air
London City, London Stansted, London Luton Airport, London Heathrow
Situation
The property is prominently situated on the south side of the busy Chapel Market, home to the largest street market in Islington and some 200 metres from the highly fashionable Upper Street and Angel Underground Station. Chapel Market is a well established retailing street and benefits from high footfall. Nearby occupiers include McDonald’s, Superdrug, Waitrose, Marks & Spencer and JD Sports.
Tenure
Freehold.
Location
Miles
Zone 1 Central London location, 1 mile north of the City of London
Roads
Liverpool Road (B515), A1, A501 (Inner Ring Road)
Rail
Angel Underground Station (Northern Line),1 mile London Kings Cross (Mainline)
Air
London City, London Stansted, London Luton Airport, London Heathrow
Situation
The property is prominently situated on the south side of the busy Chapel Market, home to the largest street market in Islington and some 200 metres from the highly fashionable Upper Street and Angel Underground Station. Chapel Market is a well established retailing street and benefits from high footfall. Nearby occupiers include McDonald’s, Superdrug, Waitrose, Marks & Spencer and JD Sports.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation at first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation at first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Review
Ground First Second
Retail Ancillary Ancillary
58.43 sq m 28.33 sq m 27.59 sq m
(629 sq ft) (30 5 sq ft) (297 sq ft)
INDIVIDUAL (t/a Terrace Turkish Kitchen) (1)
Approximately 20 year s from 12/03/2014 until 03 /06/2034 on a full repairing and insuring lease
£45,000
12/03/2019
Total
114.35 sq m
(1,231 sq ft)
£45,000
(1) Terrace Turkish Kitchen are a fully licensed restaurant offering classic Turkish ambience with fine dining. Source: www.terracekitchen.co.uk 14/11/2016)