Islington N1
Description
UNCONDITIONAL OFFERS ARE INVITED
Originally constructed in 1906 as an Exhibition fitters workshop and converted to residential use in 2013.
The property sits within "The Barnsbury Conservation Area" mid-way between Kings Cross St Pancras and the tech & trendy areas of Old Street and Shoreditch.
This Freehold Residential property sits within a secluded plot - 659 sq. m / 7,091 sq. ft.
The exisiting buildings consist of:- The Main Building (920 sq. m / 9,900 sq. ft) and The Annex (153 sq. m / 1,646 sq. ft).
It is currently configured as 10 x self contained apartments with shared facilities and a Dance studio, and a 6 room HMO in the Annex. Income £319,560 p.a. (ERV £357,360 p.a.)
This unique and trendy London asset is an income generating Investment with various development possibilities that could be explored to either; Intensify the current use into 36 double suites (STP), Develop a Trophy House with Studio (STP), Develop 4x Town Houses (STP) or Develop 3x Town Houses (Planning Consent Approved). We are looking for unconditional offers.