TO BE SOLD AT ALLSOP AUCTION 18TH & 19TH MARCH 2025 - UNLESS SOLD PRIOR
• Prominently situated on Holloway Road, 0.5 miles from Archway Underground station.
• The ground and lower ground floor comprises 914 sq ft GIA of E class space, with the residential element above arranged as 2 x 1 bed and 1 x 3 bedroom apartments totalling 1,434 sq ft.
• Total GIA 2,348 sq ft.
• The total current passing rent is £66,840 per annum.
• The Estimated Rental Value is in the region of £75,000 per annum.
• Asset management and value add potential, subject to necessary consents.
• Freehold.
Offers in excess of £850,000 (Eight Hundred and Fifty Thousand Pounds) subject to contract. A purchase at this level would reflect a Net Initial Yield of 7.45% assuming standard purchasers costs of 5.75%, and a reversionary yield of 8.36%. This equates to a low capital value of £362 per sq ft.
