Sold

Finsbury Park Road, Islington, N4

Offers in Excess of £6,750,000

House

.

Freehold

Ref no: ISL200067

Key Features
  • Garden
  • Terraced
  • End of Terrace
  • Detached
  • Semi Detached
  • Residents Parking
  • House
  • Freehold
Description
PORTFOLIO SALE 8 Freehold buildings of approx. 16,100sqft, consisting of 30 indivdual apartments and two commercial units, returning upward of £450,000p/a.

- An investment portfolio consisting of 30 flats and 2 commercial units spread across 8 freehold buildings


- In total the property extends to approximately 1,496.28 sq m (16,100 sq ft) GIA

- The portfolio generates £454,210p/a

- The portfolio comprises 7 studio apartments, 15x1 bedrooms, 4x2 bedrooms, 4x3 bedrooms

- The portfolio benefits from excellent transport links and is close to the open spaces of Finsbury Park and Clissold Park, as well as being a short distance from The Emirates Stadium

- High yield delivering investment.

Location

The eight properties are situated in close proximity of each other, surrounding the junction shared by Mountgrove Road and Finsbury Park Road. Mountgrove Road gives access to Blackstock Road (A1201), leading to Seven Sisters Road (A503) to the North and St. Paul’s Road (A1199) to the South. The Finsbury Park area has experienced a rise in popularity from tenants and purchasers alike over recent years, translating to significant growth in capital values. There is a large amount of investment and redevelopment underway in the area and values have increased dramatically over the last year. The surrounding area is largely made up of a mix of commercial and residential properties, with a number of local amenities and restaurants in the vicinity. The property benefits from excellent transport links with Finsbury Park London Underground and Overground station (Victoria, Piccadilly, and Overground line services) a short distance away to the North West, approximately 0.4 miles. It also provides overland trains via Great Northern and Thameslink services to the further south and south east of England. Arsenal London Underground station (Piccadilly Line) is also a short distance away, approximately 0.35 miles to the South West.

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The local area

About Islington

Islington is home to a diverse range of residents and offers a vast choice of property types, from large Georgian squares to modern apartments. Historically, it was once thought of as a deprived area, with the London blitz destroying much of the region. However, post-war rebuilding and rapid gentrification has made it one of London’s most popular locations for well-heeled and cultured residents.