For Sale with Vacant Possession

17027 10/12/04 10:25 AM Page 1 H A L H T E A D O M R O T EE N STR I G N N L O F T I D URY R G SB BAR N O Freehold Central A N London Building F A E O D T O W R E R D C D RO E SS A S R T D N U E O SH V E N T E R I C H M O N D A X O PP A ER Y R T S O R E R N R D O O O A O T T D A RG S A AS E For Sale ST KIN E H R D BERTON R R O THE E ST R L S PA T R P C K E K 322 S O G I R NG P E T D EN ON H A G E N O N C O P E N ST U T S R Y N S T E E H R P O B E R T T G S IG W E E O N N T L U R I L Y R S A I P P A B R E E A A T W S E D I V R D Y C O With Vacant Possession N I HA ’S R RLT T ON R F L P N R E L S R T E T A A S H R R K O T H W B E WYNFORD RD G E S O L I E G D P D H A R U T N O E E C B ET E AN N K R E O R S O N A P T WHARFDALE RD EL M E L S D P CHA P R O A D T B N H L U W E O E VIN Y C ENT H E A N ION TE S ITE L ST P WH OL R A T ST R R AL S R E C E E T NEG C G City Basin R E DO Angel T T R S F R King’s E I E R A O L L T Cross C A D H D R O A R E E M O L L S V I A N S G S S T O D E N A T T P O C R M I E D S T W as A Y E O G W W T R A E L N R King’s Cross E E K O L J L B A Thameslink E K L L L O I Y Y N R R E G S A H O ’ U A ’ T S S T D S N N ST ST R R N E E CER TO C K N C E V SPE J A R A B A E T O E R R E U S D T S T S Y Y O D R O R O L R V E Old D I L E A E AD L Stre N B E S T D KI S S S NN AL N E CIV O R ER T F R S P A T R R T R S E E E R IN T T S E R G E D R D T O U O L N N E O Russell A E E T V E Square E D A T R T S Y D R R E D O B A L F E E L L R O I S U E N W G O R K R C L E CONTACT INFORMATION Alex Bard or David Baroukh David Baroukh Associates 6 Wimpole Street, London W1G 8AL Telephone: 020 7323 1010 Facsimile: 020 7323 6600 E-mail: [email protected] / [email protected] Misrepresentation Clause David Baroukh Associates for themselves and for the Vendors or Lessors of these properties give notice that the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of David Baroukh Associates has any authority to make or give any representation or warranty whatever in relation to these 322 UPPER STREET, ISLINGTON, LONDON N1 properties. All maps are for identification purposes only and should not be relied upon for accuracy. Subject to Contract and Exclusive of VAT October 2004 Designed and produced by Oracle Advertising 020 7323 3210 | www.oracle-advertising.co.uk 17027 10/12/04 10:25 AM Page 3 INVESTMENT SUMMARY Tube services are provided by the Northern Line from Angel Station ACCOMMODATION VAT at the southern end of Upper Street. Rail links are provided at - Freehold. Highbury and Islington Railway Station at the northern end of Upper We have measured the building in accordance with the RICS Code The property has not been elected for VAT. Street on Highbury Corner.Anglia,WAGN and Silverlink provide of Measuring Practice, 5th edition and we have calculated the - Leading Central London A3 / Retail location. services to various destinations throughout the South East. In addition, following floor areas on a net internal area: Kings Cross mainline station provides further national rail routes. Sq m Sq ft INVESTMENT CONSIDERATIONS - Affluent residential area. There are numerous bus routes that serve the area. Basement 42.4 456 Upper Street is an established retail and restaurant location with a - Retail use on ground, basement and rear building. Ground Floor 32.7 352 broad range of multiple and boutique-type occupiers. Occupiers in DEMOGRAPHICS 1st Floor 44.3 477 close proximity to the property include Space NK, Carluccios, Sainsburys Local, Nandos, Pizza Express and Slug & Lettuce. - Residential use on upper floors. Islington has a resident population of 175,797 (Focus, 2001). Within 2nd Floor 47.5 511 the A and B class groupings of Higher & Intermediate managerial / Sub Total 166.9 1,796 The building is offered with vacant possession providing an opportunity - Offered with full vacant possession. administrative / professional classes, Islington has 27.4% compared to Rear Building 33.2 357 to create a mixed use scheme of retail or restaurant use on ground and the nationwide figure of 21.7%. basement floors and residential on the upper floors and rear building. - Suitable for Owner occupiers / Developers / Investors. Total 200.1 2,153 SITUATION Potential to erect an additional floor to the rear building upon obtaining - Purchase price in excess of £1,000,000. the necessary consents. Upper Street is an established and vibrant retail and restaurant location TENURE with a busy footfall throughout the day and night. Freehold LOCATION AND COMMUNICATIONS Occupiers in close proximity to the property include Space NK, The London Borough of Islington is an affluent area within the north- Carluccios, Sainsburys Local, Nandos, Pizza Express and Slug & PLANNING east quadrant of Central London. Lettuce. The property is located in a Conservation Area. Islington is situated within close proximity to numerous established The Business Design Centre, Camden Passage Antique Centre,The In the informal opinion of a Council officer from the London Borough locations in London. Highbury is approximately 1.7 kilometres Kings Head & Almeida Theatres, Screen on the Green Cinema and N1 of Islington's planning department the upper floors have planning (1.1 miles) to the north, Clerkenwell some 0.9 kilometres (0.5 miles) Islington shopping centre are also located along Upper Street. permission for residential. At ground floor, current planning permission to the south and Shoreditch approximately 1.7 kilometres (1.1 miles) exists for A2 retail use (financial / professional services) with ancillary to the east. Kings Cross is situated within 1.2 kilometres (0.7 miles) The property is situated on the eastern side of Upper Street close to storage to the basement and rear building. to the west. Islington Green to the south and the junction of Gaskin Street to the north. Upper Street forms part of the A1, providing a direct road link to TENANCY North London.The Pentonville Road A501 connecting with City Road DESCRIPTION A501 runs from east to west through Islington. The property is offered for sale with full vacant possession. The property is a mid-terrace period building arranged over basement, The closest airport is London City airport which is approximately ground and two upper floors. PRICE 11.4 kilometres (7.5 miles) to the south-east. In addition, there is a single storey detached building of mid 1980s The freehold interest can be acquired for a price in excess of construction to the rear of the main building. £1,000,000 (One Million Pounds), Subject to Contract. VACANT OU VACANT TLET 17027 10/12/04 10:25 AM Page 3 INVESTMENT SUMMARY Tube services are provided by the Northern Line from Angel Station ACCOMMODATION VAT at the southern end of Upper Street. Rail links are provided at - Freehold. Highbury and Islington Railway Station at the northern end of Upper We have measured the building in accordance with the RICS Code The property has not been elected for VAT.

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