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A Mid Terrace Building Arranged to Provide a Ground Floor Shop Subject to a Lease Producing £24,000 Per Annum and a First and Second Floor Flat Sold Off on a Long Lease
The property comprises a mid terrace building arranged to provide a ground floor shop and a first and second floor split level flat.
Tenure
Freehold
Location
The property is situated on a busy parade close to local shops and amenities. Nearby multiples include William Hill, Domino's and Tesco Express. The open spaces of Brunswick Park are within easy reach. Transport links are provided by Southgate underground station (Piccadilly line) and New Southgate rail station.
Accommodation
Ground Floor Shop Area G.I.A. Approximately 53 sq m / 570 sq ft First and Second Floor Flat Not Inspected
Tenancy
The ground floor shop is subject to an FRI Lease for a term of 10 years commencing 5th February 2025 at a rent of £24,000 per annum. Rent review February 2030. The first and second floor flat will be sold off on an 215 year lease from 25th March 1981 (thus approximately 171 years unexpired). This lease is in the process of being completed. Please refer to the legal pack for more information.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.