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£1,150,000
Caledonian Road, Islington, N1
- 3 beds
Under offer/SSTC
£1,150,000
- 3 beds
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Estimate monthly mortgage payment:
£5,250 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£57,500
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Square Quarters are pleased to present this opportunity to purchase this Freehold building spread over 4 floors in this prime location consisting of a massive commercial unit over 2 floors and 2 x 1 bed apartments in Islingtons Barnsbury area N1 moments to Kings Cross.
The building has been fit out to a high standard after a recent refurbishment. The building consists of a ground floor lock up shop and basement with lovely flooring, glass frontage, small office, kitchenette and a WC. The first floor has a modern one bedroom apartment with open plan living room and kitchen, bathroom and spacious bedroom boasting large period sash windows and high ceilings. The top floor apartment has stairs leading up to the 2nd floor landing, a modern open plan kitchen and reception, bathroom, spacious bedroom and small loft area.
The property is located on Caledonian Road in the Barnsbury area, only moments from the gardens of Thornhill Square and suitably located within a few minutes walk to Caledonian Road tube station and moments to the sought after Upper Street in Angel and perfectly for access to the major transport hub at Kings Cross/ St Pancras International and not only does Kings Cross & St Pancras International provide truly phenomenal accessibility around London but it is also currently one of the biggest development sites/ regeneration areas in London, benefiting from a massive influx of investment in infrastructure and property, creating one of the most exciting and vibrant locations with a wealth of amenities. With Google, amongst others, looking to build their European & UK headquarters and Central St Martins College this really is set to be an even more desirable and sought after area.
*Flats producing £42,000 PA total current yield 5.74%*
*Precedence from neighbouring properties to build up, subject to planning permission*
The building has been fit out to a high standard after a recent refurbishment. The building consists of a ground floor lock up shop and basement with lovely flooring, glass frontage, small office, kitchenette and a WC. The first floor has a modern one bedroom apartment with open plan living room and kitchen, bathroom and spacious bedroom boasting large period sash windows and high ceilings. The top floor apartment has stairs leading up to the 2nd floor landing, a modern open plan kitchen and reception, bathroom, spacious bedroom and small loft area.
The property is located on Caledonian Road in the Barnsbury area, only moments from the gardens of Thornhill Square and suitably located within a few minutes walk to Caledonian Road tube station and moments to the sought after Upper Street in Angel and perfectly for access to the major transport hub at Kings Cross/ St Pancras International and not only does Kings Cross & St Pancras International provide truly phenomenal accessibility around London but it is also currently one of the biggest development sites/ regeneration areas in London, benefiting from a massive influx of investment in infrastructure and property, creating one of the most exciting and vibrant locations with a wealth of amenities. With Google, amongst others, looking to build their European & UK headquarters and Central St Martins College this really is set to be an even more desirable and sought after area.
- - Commercial Unit producing £24,000 PA (10 year FRI ( Full insuring and repairing lease) with no break clause and rent review in 2024 and every 5 years thereafter) - Approx 1449 Sq Ft (134.6 sq.m)
- 1st Floor Flat (36 sq.m)
- 2nd Floor Flat (41.50 sq.m)
*Flats producing £42,000 PA total current yield 5.74%*
*Precedence from neighbouring properties to build up, subject to planning permission*
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£5,250 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£56,250
Mortgage and legal costs:
£999
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