Executive Summary
- Single storey light industrial unit located in a prime location in Islington measuring 272.71 square metres (2,934 square feet)
- Located in a mews road to the rear of 71-73 Upper Street, Islington, N1 approximately 0.25 miles from Angel station
- Planning permission approved for demolition of the existing building and construction of a 615.6 square metres (6,624 square feet) GIA office building
- Offers are invited in excess of £1,000,000 for the freehold interest
Location
The property is located on St Alban’s Place, a small mews road to the rear of Upper Street, within the Angel town centre district of Islington in the Upper Street Conservation Area. The surrounding area is mixed use, providing a variety of commercial and residential uses. The property is bound to the east by mixed use properties which front Upper Street. Upper Street is a prominent High Street, characterised by properties which comprise commercial units at ground level, generally with residential flats above. The Angel Hilton Hotel lies directly to the west of the site which is accessed separately via Berners Road. There are several residential developments and commercial office buildings fronting onto St Alban’s Place and form part of the character of the area. Angel station which is on the Northern Line is 0.25 miles away. The area is well served by buses.
Please note all distances given are approximate only.
Description
A single storey mews style light industrial unit with a mezzanine over part. Measurements are as follows:
Ground Floor = 252 square metres (2,711 square feet)
Mezzanine = 20.71 square metres (223 square feet)
Total = 272.71 square metres (2,934 square feet)
The property is in poor condition and would require a comprehensive refurbishment. The site area is 0.03 hectares.
Please note that all sizes given are approximate only and are given on a GIA basis. All interested parties are advised to rely on their own inspection and survey.
Planning Permission
Planning consent has been approved by the London Borough of Islington planning department for the demolition of the existing building and construction of a new two storey commercial plus basement with rear light wells. The planning application number is 2021/0302/FUL.
The proposed plans will provide the following GIA floor areas:
Basement = 223.6 square metres (2,406 square feet)
Ground Floor = 225.6 square metres (2,427 square feet)
First floor = 166.4 square metres (1,790 square feet)
Total = 615.6 square metres (6,624 square feet)
Terms
Offers are invited in excess of £1,000,000 for the freehold interest. The property will be sold with full vacant possession.
Data Room
A data room has been set up and access is available on request.
Viewings
Viewings are strictly by appointment through sole agents Harston&Co.
