Entirely let to Ben Sherman Group Limited until November 2021
Highly fashionable North London suburb
Prominent corner position on a busy street close to Angel Underground Station
Nearby occupiers include Reiss, Pizza Express, Costa Coffee, Tesco and Barclays Bank
Six Week Completion
Lot 10
Auction 17th October 2013
Rent £90,750 per Annum Exclusive
Status Sold
Price £1,660,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
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 and London Heathrow
Situation
The property, a Grade II Listed building, is situated in a prominent corner position opposite Islington Green Gardens on the northern side of Camden Walk, some 400 metres from Angel Underground Station. The property fronts Islington Green (A104) which provides direct access to the busy Upper Street (A1). Nearby occupiers include Reiss, Pizza Express, Costa Coffee, Tesco and Barclays Bank.
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 and London Heathrow
Situation
The property, a Grade II Listed building, is situated in a prominent corner position opposite Islington Green Gardens on the northern side of Camden Walk, some 400 metres from Angel Underground Station. The property fronts Islington Green (A104) which provides direct access to the busy Upper Street (A1). Nearby occupiers include Reiss, Pizza Express, Costa Coffee, Tesco and Barclays Bank.
Tenure
Freehold.
Description
The property comprises retail accommodation on ground and first floors with ancillary accommodation on basement and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on ground and first floors with ancillary accommodation on basement and second floors.
VAT
VAT is not applicable to this lot.
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.
Reviews
Ground First Second Basement
Retail Retail (2) Ancillary Ancillary
81.40 sq m 35.70 sq m 35.20 sq m 25.30 sq m
(876 sq ft) (385 sq ft) (379 sq ft) (272 sq ft)
BEN SHERMAN GROUP LIMITED (1) (2) on assignment from All Saints Retail Limited
15 years from 24/11/2006 until 23/11/2021 on a full repairing and insuring lease
£90,750
24/11/2016
Totals
177.60 sq m
(1,912 sq ft)
£90,750
(1) For the year ending 31st January 2012, Ben Sherman Group Limited reported a turnover of £50,875,000, pre-tax profits of £1,855,000 and a total net worth of £12,602,000. (Source: www.riskdisk.com 17/09/2013) (2) Part of the first floor is trading as a barbershop in accordance with a licence to grant chair rental. Please see the legal pack for full details.
