- SHOP & UPPERS
- RARE TO MARKET INVESTMENT OPPORTUNITY
- FULLY LICENSED HMO ABOVE WITH HIGH RENTAL INCOME
- SOUGHT AFTER ZONE 1 LOCATION
- LEASE FOR SALE WITH 8 YEARS REMAINING (option to extend)
- OVER 2300 SQ.FT
- EARLY VIEWINGS ADVISED
- COMMERCIAL AND RESIDENTIAL SPACE
**SHOP AND UPPERS TO LEASE**
This rare to market investment opportunity offers a thriving commercial space on the ground floor and a five bedroom residential property above, brilliantly located on Chapel Market in the heart of Islington just minutes from Angel Underground Station. With a combined area of 2,351sq.ft. (1,203sq.ft commercial + 1,146sq.ft residential), this property caters to both commercial and residential investors seeking high-demand assets in a sought-after London location.
On the ground floor, you'll find Tagine Restaurant, an establishment specialising in authentic Moroccan cuisine providing a delightful atmosphere for it's customers. The kitchen is well-equipped, ensuring efficiency in serving delightful dishes. The restaurant also includes convenient restroom facilities. Stepping down to the lower ground floor reveals an additional feature, a spacious cellar, ideal for storage or expansion possibilities.
Above the commercial unit you have a split level property, which offers a self-contained studio along with 4 spacious bedrooms and 2 bathrooms which is fully HMO licensed. The residential unit is achieving £62,400 per year in rental income, which covers the rent for the whole building + extra profit.
This area offers convenient access to all types of amenities, is within easy reach of central London. and situated only a few minutes walk from Angel Station (Zone 1).
Premium - £130,000
Lease remaining - 8 years with option to extend
Commercial and Residential rent: £55,000 pa (4583.33 per month)
Residential rental income: £62,400 pa (£5200 per month).
Tenant Information
Our agency will not progress an application until the holding deposit has been paid and an application form is completed and returned by the applicant(s). To avoid unnecessary delays, it’s important that you return your application form(s) within 48 hours.
The holding deposit is the equivalent of one week’s rent, which once paid, is offset against the total balance due.
A tenancy cannot be completed until the agreed first month’s rent and bond are paid in full. On occasions, the Landlord may request a guarantor in order to offer a tenancy subject to referencing. The holding deposit is non-refundable should following referencing, it is discovered that key material facts have been omitted or prove false which then leads to the Landlord declining your application.
By paying the holding deposit, the property you have reserved will be taken off the market and all future viewings cancelled, and it is therefore deemed fair that the tenant will receive no refund should they later decide not to take up the tenancy or fail to move in on the agreed proposed check in date.
If the Landlord decides against proceeding with the tenancy, the tenant will receive a full refund of all monies paid.
