Blackstock Road, Finsbury Park N4 2DR
The existing property comprises a 2-storey end of terrace building which contains a ground floor lock up shop extending to approximately 441 sq.ft, first floor 1 bedroom flat (506 sq.ft.) and studio flat (258 sq.ft.) located to the rear at ground floor level.
Access to the shop is from the corner of Blackstock Road and Vivian Comma Close with the residential units accessed via Vivian Comma Close.
There might be potential to increase the residential floorspace by way of an extension to the rear single storey in line with the neighbouring properties, subject to planning permission.
The property is located on the corner of Blackstock Road and Vivian Comma Close in Finsbury Park, within the London Borough of Hackney.
The immediate location comprises mainly a mix of commercial and residential uses with Finsbury Park located 0.3 miles from the property, providing 110 acres of public open space.
Finsbury Park Station is 0.3 miles from the property providing Underground (Piccadilly Line) and National Rail services.
The ground floor shop is let on a FRI lease to Rocket Barber Shop for a 10 year term from 1st May 2018 at a current rent of £13,000 per annum.
The lease is subject to a tenants only break after the 5th year subject to the tenants giving 6 months’ notice in writing. Rocket Barber Shop (www.rocketbarbershop.co.uk) currently operate from 7 shops across London.
The residential units are let on AST’s to separate individuals with 116C currently holding over following the expiry of their AST in June 2020.
The property will be sold freehold with the existing tenants remaining in-situ.
Offers are invited in the region of £700,000 for the freehold interest.
We understand that the property is not elected for VAT.
Further information including legal documents can be found in our dataroom using the password ‘Blackstock’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- Ground floor retail unit and 2 x self-contained residential units extending to approximately 1,205ft2 in total
- Let on separate agreements producing a combined income of £38,200 per annum
- Sought-after location within Finsbury Park and circa 0.3 miles from Finsbury Park station
- Offers are invited in the region of £700,000 for the freehold interest
To discuss this opportunity further, please contact Jordan Oldfield on 020 7183 2529