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Retail/Shop

Retail/Shop For Sale London

PROPERTY ID: 132509

PROPERTY TYPE

Retail/Shop

STATUS

Under Offer

SIZE

1,987 sq.ft

Key Features

Well located in the heart of Islington’s enclave of Canonbury, with nearby occupiers including a range of quality independents such as Cadet, Jolene, Perilla, and tranga. The Canonbury retail submarket is well regarded for retailers and F&B operators due to its exposure to a wealthy residential catchment in the surrounding streets of large Georgian and Victorian homes benefiting numerous small parks and gardens, canal walks, as well as the duck ponds and walks along the New River Walk.
An inter-terraced property comprising a self-contained retail unit over ground and basement levels with rear courtyard, and 3 x 1-Bedroom flats over the upper floors.
Retail NIA of c.657 sq. ft (61.04 sq. m), residential GIA of c.1,330 sq. ft (123.56 sq. m), providing a combined total area of 1,987 sq. ft (184.60 sq. m).
The retail store was subject to a lease to Amberstage Limited (t/a ‘Mother Earth’) as an organic food and grocery shop on a 35-year term expiring in 2042 at £17,000 per annum (c.£25.88 per sq. ft). The tenant ceased trading following the recent untimely death of its principal director and shareholder and an insolvency practitioner has disclaimed the lease thus, will be sold with vacant possession without the benefit of any income. Estimated MRV of the shop is understood to be c.£20,000-25,000 per annum.

Property Details

An Inter-terraced 4-storey Plus Basement Property Forming Part Of An Attractive Retail Parade In The Heart Of Canonbury. The Building Comprises A Self-contained Retail Unit Over Ground And Basement Levels Which Was Leased To An Independent Organic / Wholefoods Retailer Trading As Mother Earth. The Rear Of The Property Has An External Yard, Currently Demised To The Retail Unit. The Upper Floors Are Configured As Three Self Contained 1-bed Flats, Each Comprising Living Room, Separate Or Galley Kitchen, Bedroom And Bathroom/wc. All Flats Are Let Subject To Asts. To Be Sold Via Strettons Auctions - Legal Pack And Register To Bid Via Https://www.strettons.co.uk/auction-property-for-sale/commercial-property-for-sale-in-103-newington-green-road-london-islington-n1-4qy-6703f8ba4955d9decfa03ce3/

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About the Agent

Strettons

See Agent's Other Properties

Retail Unit

£990,000 Freehold

103 Newington Green Road, London, N1 4QY
Retail/Shop - Under Offer
1,987 sq ft
185 sqm
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