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Caledonian Road, Islington, N1 3 bed block of apartments for sale
Caledonian Road, Islington, N1
£1,150,000
Caledonian Road, Islington, N1
£1,150,000
Our Summary
- 74%**Precedence from neighbouring properties to build up, subject to planning permission*
- Potential to extend
Description
This freehold building in Islington's Barnsbury area is a prime opportunity for investment or occupation. The property consists of a commercial unit over two floors, with a lock-up shop and basement, as well as two one-bedroom apartments. The commercial unit has been recently refurbished and is available on a 10-year FRI lease with no break clause, producing £24,000 per annum. The two apartments offer a total of 77.5 square meters of living space and are currently producing £42,000 per annum, with a current yield of 5.74%. The property is located in a highly desirable area, just moments from Kings Cross and St Pancras International, and is surrounded by amenities and transport links. With the area undergoing significant regeneration and investment, this property presents a unique opportunity for investors or occupiers looking to capitalize on the area's growth potential.