80 Chapel Market
Islington
London
N1 9EX

Freehold Retail and Residential Investment

  • Retail unit let until 2032 (no breaks)
  • Fashionable Central London location
  • Planning consent for mansard roof extension
  • 300 metres from Angel Underground Station
  • Neighbouring occupiers include Sports Direct, McDonald's, Subway, Iceland and Costa Coffee
  • Lot
    14
  • Auction
    23/May/2019
  • Rent
    £23,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 80 Chapel Market<br>Islington<br>London<br>N1 9EX
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* More information on the term "price" can be found here

Property Information

Location
Miles
0.75 miles east of King's Cross
1.2 miles north-west of Old Street roundabout
Roads
A501, A1, A406, M1
Rail
Angel Underground Station
Air
London City, London Heathrow, London Stansted and London Gatwick Airport
Situation

Islington is a highly fashionable and affluent inner London suburb. The property is prominently located 300 metres from Angel Underground Station on the south side of the vibrant and busy Chapel Market. Nearby occupiers include Sports Direct, McDonald's, Subway, Iceland, Costa Coffee and a number of local retailers.

Tenure

Freehold.

Description

The property comprises ground floor self-contained retail accommodation and a self-contained residential maisonette on the first and second floors. The roof space benefits from planning consent for a mansard roof extension to the maisonette to create a third floor.

VAT

VAT is applicable to this lot.

Planning

Under application No: P2017/0401/FUL the property has planning permission to erect a mansard roof extension.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundRetail
61.4 sq m
(660 sq ft)
INDIVIDUAL
t/a Hairdressers
15 years from
13/01/2017 until
12/01/2032
£23,00013/01/2022
and 5 yearly
thereafter
First and
Second
Residential
not measured
INDIVIDUALS189 years from
25/12/1993 until
25/12/2182
Peppercorn 
Total (Commercial)
61.4 sq m
(660 sq ft)
  £23,000 

Property Documents

  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    716 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Penningtons Solicitors LLP 125 Wood Street
London
EC2V 7AW
Josepha Horne 0207 753 7814josepha.horne@penningtons.co.uk

Useful Links

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