Retail For Sale in 16 Chapel Market, Islington, London, N1 9EZ
Asking price £660,000
Retail
1,792 sq ft
Rarely available Chapel Market Islington Freehold Investment - No VAT Payable
Income £45,500 PA with a Gross Yield of 6.90%
Total Income: £45,500 PA fixed until a rent review in January 2031
Located on the popular and busy Chapel Market (one of London's last remaining authentic street markets)
Upper parts sold off on a 999 year long lease with a ground rent of £500 PA
Ground floor and basement let to Rough Cut Casuals Limited, a well established school uniform provider in occupation.
Excellent transport links with Angel Tube Station (Northern Line) 400m away and Kings Cross St Pancreas Station 1km
Subject to a 25 year lease to Rough Cut Casuals Limited granted January 2016.
Description
Chapel Market is a well-established and highly regarded location situated in the heart of Islington, within the London Borough of Islington (N1). The area is characterised by its vibrant streetscape, historic market, and proximity to a wide range of amenities and transport connections, making it one of North London’s most attractive mixed-use environments.
The property benefits from an excellent central position, located a short distance from Upper Street, which comprises a diverse mix of independent retailers, national operators, restaurants, cafés, and public houses and a mix of high value residential.
The location also benefits from a strong local catchment, with a dense residential population and a significant daytime workforce. The nearby Angel Central Shopping Centre enhances the area’s retail offering, while Regent’s Canal and Barnard Park provide valuable green and recreational spaces.
Chapel Market retains a distinctive character as one of London’s few remaining traditional street markets, trading six days a week and contributing significantly to the area’s appeal and footfall.