No. 1 Angel, 1 Islington High Street, London N1


We are delighted to attach our pdf for this prime mixed-use freehold investment opportunity and have pleasure in setting out the salient details below:-

  • Freehold
  • Located in the heart of Islington, one of the most rapidly improving areas of the capital, within 1 minutes walking distance of Angel Underground station
  • Multi-let office and retail building totalling 11,483 sq ft (1,066.60 sq m) arranged over basement, ground and five upper floors with panoramic views across Central London.
  • Multi-let reversionary office accommodation arranged over first to fifth floors with lease expiries between 2018 and 2019.
  • Highly reversionary retail bank unit on a lease expiring in 2023.
  • Average weighted term of 5.83 years to expiry and a term certain of 5.33 years.
  • Total passing rent of £463,684 per annum.
  • Estimated Rental Value of £577,765 per annum.
  • Potential opportunity for change of use to restaurant and residential, subject to planning.

We are seeking offers in excess of £8,500,000 reflecting a net initial yield of 5.16% after allowing for standard purchasers costs of 5.8%.  This reflects a capital value of £740 per sq ft and a reversionary yield of 6.42%, adopting our Estimated Rental Value of £577,765 per annum.

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