LONDON, N1 8AF A FREEHOLD INVESTMENT OPPORTUNITY IN ISLINGTON
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49 COLEBROOKE ROW LONDON, N1 8AF A FREEHOLD INVESTMENT OPPORTUNITY IN ISLINGTON
Executive Summary
49 Colebrooke Row is an impressive
freehold mid-terrace period block of
11 flats comprising 10 x studios and
1 x one bedroom.
The building has residential use (C3) and extends
to 276.85 Sqm / 2,980 sq ft.
The eleven flats are part let but can produce an income in
the region of £150,448 per annum.
2
The property is in fair condition, and offers the opportunity
to improve the accommodation and common parts, with
the potential to increase rents and returns.
The property further benefits from the potential to increase
it’s existing residential footprint, through extension into the
rear garden subject to obtaining the necessary planning
consents.
Location
The property is positioned in a prominent residential location
benefitting from excellent amenities and transport links allowing quick
and efficient access into central London.
Angel underground station (c.0.3 miles) allows access into central
London. Angel is on the Northern line with one stop to King’s Cross
St. Pancras.
The property is located in close proximity to the A1, a main arterial
route into and out of London providing access to the north of England
via the M1.
There are excellent shopping amenities in the area with Angel Central
and an abundance of boutique independent shopping opportunities
C OL EB ROOK E ROW 3
close by.
Connectivity
ou
gh tes t es
ge inu le nu
b or s rid m ast mi
te r t e mb nutes ris 16 e wc s 51
Pe minu a
C mi Pa ours N ou r
Kings Cross 47 48 2h 2h
St. Pancras
National Rail
e s
os
s idg irc
u
Br
Cr on dC
n gs tes nk es nd utes x for utes
K i
inu Ba inut L o
in O min
2m 7m 7m 12
Angel
Northern Line
(5 min walk)
* Not to scale
* For illustration purposes only
Location
4
* Not to scale
* For illustration purposes only
Source: Promap
The Building The property comprises 10 x self-contained studios and 1 x one bed flat all within a short walk to Angel underground station. The internal accommodation of the flats extends to 276.85 Sqm / 2,983 sq.ft.. Once all eleven units are fully let on Assured Shorthold Tenancies (ASTs), the building can produce a gross income in the region of £150,448 per annum. Whilst the property is in fair lettable condition, it offers the 5 opportunity to upgrade the accommodation and common parts, with the potential to drive rents and improve the returns. The property benefits from excellent transport links into central London, shopping and leisure amenities.
6
49 Colebrooke Row, Angel, N1
Floorplans
Floorplans
Executive
Executive Summary
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Description
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mission Requirements
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ommodation Contact
Schedule
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Services & Legals
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Contacts
Basement Ground Floor First Floor
* Not to scale
* For illustration purposes only
49 Colebrooke Row, Angel, N1
Floorplans
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ecutive Summary
xecutive Summary
Location
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// Description
Description
Transport
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Developer
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Developer
on Requirements
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ion Requirements
modation Contact
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Contacts
Second Floor Thrid Floor Fouth Floor
* Not to scale
* For illustration purposes only
Accommodation Schedule
Rent Passing
Flat Floor Beds Approximate Area SqM Approximate Area Sqft Expiry
(pa)
1 4 Studio 18.70 201 ERV £13,200 Vacant
2 4 Studio 21.88 236 £13,560 26/03/2021
3 3 Studio 23.37 252 £11,400 04/09/2021
4 3 Studio 25.48 274 ERV £13,800 Vacant
5 2 Studio 24.39 263 ERV £13,200 Vacant
6 2 Studio 23.86 257 £12,000 16/11/2021
9
7 1 Studio 25.36 273 ERV £13,500 Vacant
8 1 Studio 23.03 248 £13,800 19/09/2021
9 G Studio 23.36 251 ERV £13,200 Vacant
10 G Studio 19.00 205 £13,020 04/04/2021
11 B 1 48.66 524 ERV £19,800 Vacant
Total 277.09 2,983 £150,448
Pricing Exercise - Please note that this is a Pricing Exercise. It has been produced as an informal document for illustration and discussion purposes only. It does not constitute a formal valuation and must not
be construed or relied upon as such. The prices indicated, have been based upon certain General Assumptions, together with information provided at the time by third parties, e.g. architects plans/drawings,
accommodation schedules, specification details etc. The comparable evidence gathered has been gathered from local agents and Lonres Database and has not, in all instances been confirmed and must not be
relied upon as such.
Method of Sale Contact Details
The freehold is offered for sale by
private treaty. Vandermolen RE
Jonathan Vandermolen
Conservation T: +44 (0) 783 150 9965
E: jv@vandermolenre.co.uk
49 Colebrooke Row is Grade II listed #1208797
The property lies within the Duncan Terrace/ Sam Phillips
Colebrooke Row conservation area. T: +44 (0) 795 634 1581
E: sp@vandermolenre.co.uk
Price
Zach Harris
We are guiding offers in excess of T: +44 (0) 754 061 2327
£2,500,000. Subject to Contract. E: zh@vandermolenre.co.uk
Inspection Lewis & Partners 10
The property may be inspected
strictly by prior appointment only. Steven Lewis
T: +44 (0) 7785 236 209
E: stevenlewis@lewisandpartners.com
Ben Lewis
T: +44 (0) 7887 553 674
E: benlewis@lewisandpartners.com
The Misrepresentation Act 1967.
Vandermolen RE & Lewis & Partners for themselves and for vendors or lessors of this property, whose agents they are, gives notice that: 1 The
particulars are produced in good faith, but are a general guide only and do not constitute any part of a contract. 2 No person in the employment of the
agent(s) has any authority to make or give any representation or warranty whatsoever in relation to this property. 3 The property is offered subject to
contract and unless otherwise stated all rents are quoted exclusive of VAT. 4 Nothing in these particulars should be deemed a statement that the property
is in good condition, or that any services or facilities are in working order. 5 Unless otherwise stated, no investigations have been made regarding
pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. January 2021You can also read
