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20 Garrett Street / Acquired in 2018

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124-128 Balls Pond Road, N1 4AE

9,977 sq ft

The corner site is a Victorian terrace made up of 3 adjoining buildings and is set over 5 floors from Basement level to a 3rd floor loft. The building extends to the rear on the ground floor as a loading bay & car parking with a part single storey extension on the 1st floor rear. The building is currently utilized as a combination of retail, storage and residential with the main publicly accessible areas towards the front elevation facing Balls Pond Road at a ground floor shop-front, with the rear part of the site including some warehouse and parking. There is an additional warehouse and storage space on the first floor, as well as some office and residential on the 2nd floor which extends to the 3rd floor. This has been noted as ancillary accommodation to the commercial function of the ground floor unit. The site retains many of its original features, such as large sash windows and brick façade which is in line with the surrounding area. The building has good frontage onto Balls Pond Road and is south-facing allowing for good natural light on all upper floors.

Location

The building is situated on a corner site at the junction of Balls Pond Road, Southgate Road and Mildmay Park. This location benefits from a wealth of amenities for residents including national supermarkets and local retailers, alongside multiple nurseries, primary and secondary schools and green spaces. There’s also a variety of entertainment venues close by made up of restaurants, pubs, bars, cinema and many more. Ideally located for access to bus routes (Balls Pond Road, Southgate Road) and London Overground services from Dalston Junction, Dalston Kingsland and Canonbury, which are 7, 9 and 10 minutes’ walk from the property respectively. Highbury & Islington station is also close by. The site is adjacent to De Beauvoir Town, an established residential area which produces impressive rental and sale transactions.

Key features

Mixed use freehold property with residential development potential
Sold with full vacant possession
Situated on a highly prominent corner site location at the junction of Balls Pond Road and Southgate Road
Comprises 9,977 sq. ft. (9266.9 sq. m.) of GIA over 5 floors containing retail, storage and residential accommodation
OFFERS INVITED IN EXCESS OF £3,000,000 REFLECTING A LOW CAPITAL VALUE OF £301 PER SQ. FT.