Acquired
London – Vacant Retail Space
95 Seven Sisters Road and 165-167 Hornsey Road, London N7 6RAFreehold Vacant Shop Investment
Investment Consideration
- Vacant Possession
- Prominent corner position. Thriving residential and commercial area
- The property is arranged on basement and ground floor to provide a large ground floor and basement retail space
- The residential upper parts have been sold off on a 999 year lease at a peppercorn ground rent
- 0.95 km (0.55 miles) to Finsbury Park Station
- Occupiers close by include Poundstretcher, Peacocks, Tesco Express, McDonald's and numerous independent retailers.
VAT
VAT is not applicable.
Property Description
The property is arranged on basement and ground floor mixed retail with the residential upper parts sold off on a 999 year lease at a peppercorn ground rent. The property benefits from a prominent corner position in a thriving residential and commercial area.
Location Description
The property occupies a predominant position on the corner of Seven Sisters Road (A503) and Hornsey Road (A103), less than 0.4 km (0.25 miles) east of the A1 (Holloway Road), within a densely populated residential and commercial area. Nag's Head Shopping Centre is 0.27 km (0.17 miles) away. The Nag's Head area is one of two major retailing centres in London Borough of Islington with over 225 shops, leisure facilities, bars and restaurants. The property is situated within a short walking distance to the Sobell Leisure Centre and Emirates Stadium with the North Campus of London Metropolitan University also close by. The area is well served for transport communications: Finsbury Park (Main Line Rail, Victoria and Piccadilly London Underground Lines) is 0.88 km (0.55 miles) to the north east and Arsenal Underground Station (Piccadilly Line) is 0.64 km (0.4 miles) to the east. Seven Sisters Road and Hornsey Road are major bus routes along which there are numerous services running at frequent intervals.