Café, Islington, Central London

 

54 Duncan Street, Islington, London, N1 8BN

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Leisure – other
  • Tenure: Virtual Freehold
  • Gross Rent: £22,000
  • Lease Term: 20 years from 15th Dec '09
  • VAT applicable?: N

Property Description

  • Virtual Freehold Cafe Investment in Central London
  • The property comprises a ground floor split level retail unit with ancillary accommodation at basement level comprising a total of approximately 910sq ft (84.53 sq m) of net internal
    floor area.

Location Description

  • Situated on the south side of Duncan Street on the eastern side of Upper Street.
  • Located in the London Borough of Islington, in close proximity (approx. 100m) to Angel Underground Station.
  • The property is situated on the south side of Duncan Street on the eastern side of Upper Street, directly opposite a principal entrance into the N1 shopping centre.
  • Local occupiers include: The Body Shop, Vue Cinema, Boots and Gap.

Additional Notes

  • The property is let on an FR&I lease to an individual for 20 years from 15th December 2009
  • Next rent review on the 14th December 2019 with 5 yearly upward only rent reviews
  • The property is held Virtual Freehold on a 999 year lease at a peppercorn from Islington Borough Council.

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