454 Holloway Road Holloway Islington London N7 6QA

  • 454 Holloway Road<br>Holloway<br>Islington<br>London<br>N7 6QA

454 Holloway Road
Holloway
Islington
London
N7 6QA

Freehold Retail Investment

  • Entirely let to Vodafone Limited until 2026 (subject to option)
  • Busy and prominent central London location
  • Future residential potential on upper floors (subject to consent)
  • Nearby occupiers including Marks & Spencer, Burger King, New Look, Boots, Costa Coffee and Caffè Nero
  • Lot
    5
  • Auction
    14th February 2019
  • Rent
    £53,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,130,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Entirely let to Vodafone Limited until 2026 (subject to option)
  • Busy and prominent central London location
  • Future residential potential on upper floors (subject to consent)
  • Nearby occupiers including Marks & Spencer, Burger King, New Look, Boots, Costa Coffee and Caffè Nero
  • Lot 5
  • Auction 14th February 2019
  • Rent £53,500 per Annum Exclusive
  • Status Sold
  • Price £1,130,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
4 miles north of London City Centre
Roads
A1, A503, M1
Rail
Holloway Road Underground Station (Piccadilly
Line), Kings Cross, London Euston
Air
London Heathrow, Luton and London City Airport
Situation

Holloway is a busy and well recognised location in the inner-city district of the London borough of Islington situated just four miles north of London’s city centre. Holloway Road (A1) is the main shopping destination for Holloway and the location benefits from excellent communications via the A1 and Holloway Underground Station. The property is located on the north side of Holloway Road; close to its junction with Parkhurst Road and Seven Sisters Road, within close proximity to the Nags Head Shopping Centre. Nearby occupiers include Marks & Spencer, Burger King, New Look, Boots, Costa Coffee and Caffè Nero.

Tenure

Freehold.

Location
Miles
4 miles north of London City Centre
Roads
A1, A503, M1
Rail
Holloway Road Underground Station (Piccadilly
Line), Kings Cross, London Euston
Air
London Heathrow, Luton and London City Airport
Situation

Holloway is a busy and well recognised location in the inner-city district of the London borough of Islington situated just four miles north of London’s city centre. Holloway Road (A1) is the main shopping destination for Holloway and the location benefits from excellent communications via the A1 and Holloway Underground Station. The property is located on the north side of Holloway Road; close to its junction with Parkhurst Road and Seven Sisters Road, within close proximity to the Nags Head Shopping Centre. Nearby occupiers include Marks & Spencer, Burger King, New Look, Boots, Costa Coffee and Caffè Nero.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first, second and third floor ancillary accommodation. There is a small basement area which is accessed via a hatch. The property benefits from a small yard at the rear. The property has future potential for a residential conversion on the upper floors subject to the necessary consents.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property comprises a ground floor retail unit with first, second and third floor ancillary accommodation. There is a small basement area which is accessed via a hatch. The property benefits from a small yard at the rear. The property has future potential for a residential conversion on the upper floors subject to the necessary consents.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground
First
Second
Third		 Retail/Ancillary
Ancillary
Ancillary
Ancillary
82.22 sq m
39.48 sq m
35.77 sq m
27.87 sq m
(885 sq ft)
(425 sq ft)
(385 sq ft)
(300 sq ft)
 VODAFONE
LIMITED (1)		 10 years from
05/09/2016 on
a full repairing
and insuring
lease (2)		 £53,500 05/09/2021
(04/09/2026)
Total
185.34 sq m
(1,995 sq ft)
     £53,500  

(1) For the year ending 31st March 2018, Vodafone Limited reported a turnover of £6,253,600,000, pre-tax losses of £339,900,000 and a total net worth of £3,401,600,000 (Source: Experian Group 22/11/2018). Vodafone operates in 26 countries with almost 444 million customers worldwide. Vodafone employs over 13,000 people across the UK (Source: www.vodafone.com 22/11/2018).
(2) The lease provides a tenant option to determine on the fifth anniversary of the lease upon 6 months notice.

Contacts

Seller's Solicitors
Fletcher Day 110 Cannon Street
London
EC4N 6EU
Gary Nelson 0207 632 1438gary@fletcherday.co.uk

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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