St. Pauls Road, London, N1

FOR SALE: NEW INSTRUCTION - Freehold substantial building located in the heart of Islington offering an impressive development opportunity.

A striking and extremely well positioned building offering in excess of 3,750 sq ft of floorspace, prime for conversion to residential usage (subject to obtaining the necessary consents). The ground floor offers a double-fronted retail unit occupying 890 sq ft with significant ceiling heights north of 3.5m, we would expect the commercial element of the property to achieve in the region of £35,000 per annum. This has previously been used as a health food shop and café with a kitchenette at the rear.

The upper floors are currently laid out as a number of therapy rooms occupied on an ad hoc basis, they lend themselves extremely well to residential conversion (subject to obtaining the necessary consents). Given current market sentiment, we have been advised that a completed and renovated residential unit in the immediate surrounds should achieve in the region of £900-£950/sq ft.

There may be potential, under a certificate of lawful use, to secure additional residential floorspace in the basement level of the premises, further details upon request.

This building occupies an exceptional double frontage on one of the most prominent parades across Highbury & Islington, which is reinforced by the quality of the nearby occupiers including Trullo, Prawn on the Lawn, Sainsburys Local and Yield N1. There is a strong local community with a notable belief in supporting the local community where possible, for this reason there are several highly successful occupiers who may have not seen such fortune in other areas of the capital. Transport Links are abundant with the Victoria Line and Overground accessible within a couple of minutes from Highbury & Islington Tube and numerous bus routes leading directly to the City.