541 Holloway Road
London
N19 4BT

Freehold Retail and Residential Investment

  • Part let to tenant trading as Sky Gym & Cafe until 2029 (subject to option)
  • Potential Future Development Potential (subject to leases and consents)
  • Includes 6 flats let on separate leases
  • Property Located on the Busy and Fashionable Holloway Road
  • Affluent North London Location
  • Comprises approximately 657.00 sq m (7,072 sq ft)
  • Lot
    11
  • Auction
    05/May/2021
  • Rent
    £117,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £2,210,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 541 Holloway Road<br>London<br>N19 4BT
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* More information on the term "price" can be found here

Property Information

Location
Miles
4 miles north of the City of London
Roads
A1, A503, A103, A501 (Inner Ring Road), A406 (North Circular Road)
Rail
Upper Holloway (Overground), Archway Underground Station (Northern Line), Holloway Road Underground Station (Piccadilly Line)
Air
London City Airport,
London Heathrow Airport
Situation

The affluent and highly fashionable North London Borough of Islington lies immediately north of the City of London and is home to attractions such as Saddlers Wells Theatre, Arsenals Emirates Stadium, and Highbury Field. The property is situated on the western side of Holloway Road just 300 metres south of Upper Holloway Overground Station and near to Whittington Park. Nearby occupiers include Co-op Food, and many local retailers and restaurants.

Tenure

Freehold.

Description

The property comprises a four storey building arranged as a ground and part first floor gym/cafe, together with four 1 bedroom flats and two studio flats arranged over the upper three floors which benefit from separate access from the front.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

 UseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Ground Floor
& 1st Floor
Rear
Retail
427 sq m
(4,601 sq ft)
QC QUALITY
CONSTRUCTION
LIMITED t/a Sky
Gym & Cafe (1)
10 years from
04/07/2019 until
03/07/2029 (2)
£53,00004/07/2024
Flat A
Flat B
Flat C
Flat D
Flat E
Flat F
Residential (1 bed)
Residential (1 bed)
Residential (1 bed)
Residential (1 bed)
Residential (Studio)
Residential (Studio)
35 sq m
50 sq m
35 sq m
35 sq m
37 sq m
35 sq m
(384 sq ft)
(537 sq ft)
(385 sq ft)
(384 sq ft)
(399 sq ft)
(379 sq ft)

MINTLAND
PROPERTIES
LIMITED
4 years and 3
months from
01/12/2020 until
29/02/2024
£64,500 
Total
657 sq m
(7,072 sq ft)
  £117,500 

(1) Sky Gym utilises the latest technology for an interactive and active workout, and has state of the art ski and boxing simulator technology (skygym.uk).
(2) The lease is subject to a tenant option to determine on 04/01/2024.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    29.04.21
    File Size
    31 MB
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  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    17.04.21
    File Size
    887 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Gary Phillips 0207 317 8680gary@solts.co.uk  Danka Trnavac 020 7317 8666 Danka@solts.co.uk

Useful Links

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