Land for sale

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Land for sale

Junction Road, London, N19
£1,400,000

Our Summary

  • Excellent potential with this part commercial and part residential investment property in this extremely convenient location between Tufnell Park & Archway (Northern Line) underground stations and Upper Holloway (Overground) with numerous local shops, bars, restaurants and amenities on your door step

Description

This four-storey terraced building in Islington offers an excellent investment opportunity, with a mix of commercial and residential spaces. The ground and basement floors are occupied by a shop, with a lease expiring in 2033 and a current rent of £25,000 per annum. The upper floors are divided into four self-contained units, including two two-bedroom flats with a shared roof terrace and two studios with open-plan kitchen and shower room. The property generates a total rental income of £91,224 per annum, with each unit tenanted on a rolling contract. The location is highly convenient, with multiple underground and overground stations nearby, as well as a range of local shops, bars, and restaurants.