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442-444 HORNSEY ROAD on Behalf of LPA Receivers: ISLINGTON, LONDON, N19 4EB FREEHOLD INVESTMENT/ DEVELOPMENT SALE SUMMARY ACCOMODATION and FLOOR AREAS

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442-444 HORNSEY ROAD on Behalf of LPA Receivers: ISLINGTON, LONDON, N19 4EB FREEHOLD INVESTMENT/ DEVELOPMENT SALE SUMMARY ACCOMODATION and FLOOR AREAS 442-444 HORNSEY ROAD On behalf of LPA receivers: ISLINGTON, LONDON, N19 4EB FREEHOLD INVESTMENT/ DEVELOPMENT SALE SUMMARY ACCOMODATION AND FLOOR AREAS • Freehold The commercial unit occupies the ground ! oor and basement and is used as a William Hill Betting Shop. The basement comprises a kitchen and storage area • Fully let mixed use investment comprising a ground & lower ground ! oor retail unit whilst the ground ! oor comprises the betting shop ! oor and W/C’s. The four ! ats with four residential units to the upper parts comprise a kitchen, reception room, two bedrooms and a bathroom in each. • Located within the London Borough of Islington The accommodation is summarised as follows; • Site area extending 0.016 hectares (0.04 acres) • Total current rent passing of £76,632 per annum UNIT Floor SQ FT (GIA) SQ M (GIA) LOCATION Retail Unit Basement 1,593 148 Retail Unit Ground 1,221 113 The property is situated on a corner on the east side of Hornsey Road and the south side of Thorpedale Road within the London Borough of Islington. Local shopping Flat 1 First 560 52 and other amenities are available approximately 0.4 miles west of the property on Flat 2 First 538 50 Holloway Road. Further shopping & other amenities are available in the vicinity as well as the Finsbury Park area which is located a short walk south of the property, Flat 3 Second 603* 56* which includes Seven Sisters Road. Flat 4 Second 570* 52* Road connections are available via the Stoke Newington Road (A10) which provides *Access to ! ats not obtained to measure. Area TOTAL 5,085 471 access south to the City of London and north to Tottenham, En" eld and the M25 taken from EPC report and not veri" ed by Glenny. Motorway. Railway connections can be accessed via Crouch Hill and Upper Holloway stations, both of which are within ½ a mile of the property where Overground Railway links are available. Archway Underground Station is approximately 0.7 miles east of the property where the Northern Line is accessible. Both Finsbury Park Overground Station to the west and Holloway Road Station to the south, where Piccadilly Line services are available, are within easy reach. The property is well served by local bus routes. DESCRIPTION The property comprises a purpose built, end of terrace building arranged over lower ground, ground and two upper ! oors beneath a ! at roof. The building is currently arranged to provide a lower ground and ground ! oor retail unit with four residential units on the two upper ! oors. TENURE The property is available freehold, subject to any existing rights, reservations and obligations. TENANCY The retail unit is let to William Hill Organization Limited, subject to a " ve year term expiring 8th November 2018 at a passing rent of £24,000 per annum. A lease renewal with William Hill is currently under negotiation with terms to be con" rmed. The ! ats are subject to Assured Shorthold Tenancies at a total passing rent of £52,632 per annum. Further information regarding the leases is available within the dedicated data room. TENANCY SCHEDULE Tenant Annualised Current UNIT Tenant Monthly Rental Since Rent Retail Unit William Hill Nov-13 £2,000 £24,000 Flat 1 Private Jun-17 £1,083 £12,996 Flat 2 Private Jun-17 £1,083 £12,996 Flat 3 Private Jun-17 £1,110 £13,320 Flat 4 Private Mar-17 £1,110 £13,320 TOTAL £6,386 £76,632 PLANNING The local planning authority is London Borough of Islington (Tel: 020 7527 2000). We understand the property has an established ground ! oor A1 use with C3 on the upper parts. There may be potential to add an additional storey to the property subject to obtaining the necessary consents (STPP). SERVICES CONTACTS We understand that all mains services are available at the property, CHRISTOPHER CLARK MRICS however the condition or capacity has not been tested by the agent. e: [email protected] t: 020 3141 3522 VIEWINGS OLIVER GORDON MRICS All viewings are strictly by prior appointment only. It is anticipated e: [email protected] that a number of viewing times will be arranged prior to the offer t: 020 3141 3537 deadline. Please contact the agent for further details. VAT OFFERS To be con" rmed. The property is offered for sale on behalf of the Joint Receivers, Simon Carvill-Biggs and Simon FURTHER INFORMATION & DATA ROOM Underwood of Menzies LLP. Further information is available from the selling agent Glenny LLP, via the property’s dedicated data room. Offers are invited for the Freehold interest of the property on an unconditional basis and to be DATA ROOM received by no later than noon 4th May 2018. Additional further property information is available via a secure data All offers should be sent for the attention of: room. This information will include the following: • Location Plan Christopher Clark • Site Plan Glenny LLP • Floor Plans 5th Floor Unex Tower • Title Summary & Land Registry Titles Station Street • Energy Performance Certi" cate London E15 1DA • Photographs e-mail [email protected] For access to the data room please contact Oliver Gordon Misrepresentation Act 1967 Glenny LLP for themselves and for the Vendors or Lessors of this proerty whose agents they are give notice that: 1. All descriptions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and 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. 2. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. 3. These particulars are produced in good faith, and set out as a general guide only and do not constitute part of any offer or contract. 4. No person in the employment of Glenny LLP has any authority to make or give representation or warranty whatsoever in relation to this property. 5. All prices and rents are quoted exclusive of VAT unless otherwise stated. Maps are reproduced under © Crown Copyright 2010. All Rights reserved. Licence number 100020449..
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