61 Chapel Market Islington London N1 9ER

  • 61 Chapel Market<br>Islington<br>London<br>N1 9ER

61 Chapel Market
Islington
London
N1 9ER

Freehold Retail Investment

  • Let until 2034 (no breaks)
  • Highly fashionable North London suburb
  • 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
    £45,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the instructions of JLL
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Freehold Retail Investment

  • Let until 2034 (no breaks)
  • Highly fashionable North London suburb
  • 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 £45,000 per Annum Exclusive
  • Status Withdrawn Prior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)

Contacts

Seller's Solicitors
Kerman & Co LLP 200 Strand
London
WC2R 1DJ
Janice Martin 0207 539 7273janice.martin@kermanco.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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