86 Durham Road, London, Islington, N7 7DT
- 16Days
- 6Hours
- 37Mins
- 34Secs
Property Description
The property is located at the junction of Durham Road, Hatley Road and Moray Mews, in a predominately residential area. It can be reached via Seven Sisters Road (A503) to the south, and Stroud Green Road (A1201) to the north east. The property has excellent transport links with Finsbury Park Station (Rail and Piccadilly Line) 200m to the east, and Upper Holloway (Suffragette Line) and Archway Tube (Northern Line), 1 mile to the west. The property comprises a freehold office, on a site of
+ Read More(Areas for guidance only)
The property comprises:
Ground Floor: Lobby, seven offices, kitchen, meeting room, comms room, three toilets and storage. (Rooms G:01 to G:14)
First Floor: Three offices, two toilets, kitchenette area, lift, and fire exit stairwell. (Areas: Rooms 101-105)
Total: 4,179 Sq Ft (388 Sq M)
The tenants of the property comprise:
Tenant - (Rooms 101,102,103,104,105) - Producing £27,627pa with lease expires 31/3/2028
Individual (GO2) - Producing £7,401 pa with lease expires 31/3/2027
Ltd Co - (GO3) - Producing £3,332 pa with lease expires 31/3/2029
Ltd Co - (GO8) - Producing £9,724 pa with lease expires 31/3/2030
Ltd Co - (GO1) - Producing £8,409 pa with lease expires 31/3/2026
Tenant - (GO 14) - Producing 10,328 pa with lease expires 31/3/2028
Tenant - (GO13) - Producing 4,626 pa with lease expires 31/3/2028
Vacant office - (GO7)
OFFICE CENTRE PRODUCING A RENTAL / MANAGEMENT & MAINTENANCE INCOME OF £71,449 PA. (DEVELOPMENT OPPORUNITY - SUBJECT TO PLANNING)
1. The property is producing a total rental/maintenance income of £71,449.08 pa.
2. A further contribution is paid by the tenants for service charge payments and IT charges, totalling £66,239.40 pa (Please refer to legals).
3. A number of tenants leases have protection within the Landlord and Tenant Act.
4. The property has development potential subject to obtaining the necessary planning consents.
Auction Surveyor: Rob Hills
Contact: Robert.Hills@strettons.co.uk
020 7614 9933
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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86 Durham Road, London, Islington, N7 7DT
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