Prominent position on Goswell Road, Clerkenwell Road and Old Street
Nearby occupiers include Prêt a Manger, Starbucks, Pizza Express and HSBC Bank
Lot 1
Auction 29th March 2012
Status Sold
Price £365,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
Zone 1, in the Borough of Islington, near the City of London Roads: A1, A501
Rail
Barbican, Farringdon, Old Street and Angel all within 1 mile radius Hammersmith & City, Circle, Northern, Metropolitan London Underground lines)
Air
London City, London Stansted, London Luton
Situation
The property is very well situated in a prominent position on the junction of Goswell Road, Clerkenwell Road and Old Street. The property forms part of an established parade of retail and Barbican, Farringdon, Old Street and Angel London Underground Stations are within easy walking distance.
Tenure
Freehold.
Location
Miles
Zone 1, in the Borough of Islington, near the City of London Roads: A1, A501
Rail
Barbican, Farringdon, Old Street and Angel all within 1 mile radius Hammersmith & City, Circle, Northern, Metropolitan London Underground lines)
Air
London City, London Stansted, London Luton
Situation
The property is very well situated in a prominent position on the junction of Goswell Road, Clerkenwell Road and Old Street. The property forms part of an established parade of retail and Barbican, Farringdon, Old Street and Angel London Underground Stations are within easy walking distance.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit and ancillary storage basement. The upper 4 floors comprise of 4 one bedroom residential flats, which have been let on long leases.
VAT
VAT is not applicable to this lot.
Viewings
This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit and ancillary storage basement. The upper 4 floors comprise of 4 one bedroom residential flats, which have been let on long leases.
VAT
VAT is not applicable to this lot.
Viewings
This property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Commercial Only Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground Basement
Retail Ancillary Storage
67.68 sq m 90.34 sq m
(728 sq ft) (972 sq ft)
INDIVIDUAL (t/a Mace)
10 years, from 01/04/2011 (1)
£27,000
01/04/2016
First
Residential
INDIVIDUAL
125 years from 01/01/1996
£250
Second
Residential
INDIVIDUAL
125 years from 01/01/1996
£250
Third
Residential
INDIVIDUAL
125 years from 01/01/1996
£250
Fourth
Residential
INDIVIDUAL
125 years from 01/01/1996
£250
Totals
158.02 sq m
(1,700 sq ft)
£28,000
(1) The lease provides for an option to determine at the end of the second year.