- FREEHOLD COMMERCIAL PROPERTY AND GROUND RENT
The property comprises a four storey
building providing commercial
accommodation on the ground floor and basement.
There is independent access to a two
storey residential flat over first and second floors.
The ground floor is currently occupied as a marketing suite in relation to the sale of the 100 apartments at the nearby residential
development by Ghelamco, The Arc.
The ground floor is fitted to a high standard as a show home and office for the current tenants purposes and benefits from fully fitted bathrooms and kitchens with disabled WC and 3 further WC’s and the property benefits from being in excellent decorative order with electric heating and spot lights.
There is a fire exit to the rear of the
EPC Rating: D80
The property is located in a prominent
position on City Road (A501) close to the
junction with Bath Street and in close
proximity to the ancient boundaries of The Square Mile.
Old Street underground station on the Northern Line is under half a mile away.
The property has an approximate gross
internal floor of:-
140.0 sq. m (1506 sq. ft)
50.2 sq. m (540 sq. ft)
190.2 sq. m (2046 sq, ft)
2017 Rateable Value: £28,250
Local Authority: Islington
FREEHOLD subject to:-
1. Occupational lease of the ground floor and basement granted to 225 City Residences Limited for a term of 3 years from 12th October 2020 at a current rent of £30,000 pa, rising to £35,000 pa from 12th October 2022.
2. 125 year lease of the residential
upper parts from 18th August 2008 at a ground rent of £150 pa, doubling
every 25 years from lease