For Sale

Holloway Road, London, N19

£1,000,000

Description

Exciting opportunity to purchase this mixed use building, on Holloway Road, N19

  • Type: 0.00

Exciting opportunity to purchase this mixed use building, on Holloway Road. Set on the corner of Alexander road and Holloway road, this wonderful building offers both residential and commercial investment use , with a strong income level. The shop has an expansive space, and is currently a organic supermarket. It has benefits from a rear storage / Kitchen, as well as WC, and an extensive basement which is accessed through the main shop floor. The current lease is in place until February 2037, with a £17k PA income. The upper floors are set over the top two floors and have a separate side entrance off Alexander Road. This has been converted into a four room HMO (with all required HMO works completed). Each room has its own en-suite, whilst a large shared kitchen with breakfast bar, is used by all residents. Currently the residential units are all rented and produce an combined rental income of £45,300 PA. The residential rent does include all bills, and there is scope to increase these combined rents to around £52,800 PA. The combined income is currently £62,300 PA.

Location