- Freehold Commercial unit
- Investment Opportunity
- Rented For £50,000 p.a
- Outstanding location
This section of Upper Street supports a vibrant mix of tenants including boutique shops, cafes, restaurants and bars. Current developments in the area include the 'Islington Square' mixed-use scheme. TENURE: Share of Freehold VAT: Not Applicable. TENANCY:- Asiatic Thai Massage Term: Under lease for a term of 15 years from October 2019. The lease is held inside the security of tenure provisions of the 1954 Landlord & Tenant Act. Passing Rent: £50,000 per annum exclusive. Review: 2023,( not increased yet) 1st October 2027 and 1st October 2031 Breaks: A tenant's only break on the 2nd anniversary of the commencement of the lease has now expired. LOCAL AUTHORITY: The London Borough of Islington. LEGAL COSTS: Each party is to pay their own legal costs.
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