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Leasehold Commercial Investment Comprising 6 Ground Floor Shops And Separate Rear Access To 6 Self-contained Flats for Sale

Edmonton, London

Freehold : 650,000

Located close to the junction with Nightingale Road on the busy A1010 Hertford Road, some mile south of the A110 Nags Head Road and within close proximity to Ponders End Mainline Station.

PROPERTIES: Forming part of a parade comprising 6 Ground Floor Shops one of which is a Triple Shop) and separate rear access to 6 Self-Contained Flats see Note on the first and second floors with UPVC windows and one flat has a balcony. In addition, there is rear parking.


TENURE: Leasehold for a term of 89 years less 1 day from 1st January 1946 thus having approximately 20 years unexpired at a fixed ground rent of 1,320 per annum


TENANCIES & ACCOMODATION: Number 584-588 Triple Shop: Gross frontage 630, Internal Width 588 & Built Depth 389, Term 20 years from 28 June 1996, annual Exclusive Rental 32,000 on full repairing lease.

Number 590 Single Shop: Gross Frontage 210, Internal Width 192, Built Depth 400, Term 7years from 22th May 2012, annual Exclusive Rental 12,000 on full repairing lease next rent review 2016.

Number 592 Single Shop: Gross Frontage 210, Internal Width 192, Built Depth 400, Term 7 years from 15th February 2011, annual Exclusive Rental 11,000 n full repairing lease next rent review 2016.

Number 594 Single Shop, gross Frontage 210, Internal Width 192, Built Depth 450, Term 7 years from 10th September 2014, annual Exclusive Rental 12,000 n full repairing lease next rent review 2018.

Number 584a Flat, 3 Bedroom, Regulated, annual Exclusive Rental 5,904

Number 586a Flat, 3 Bedroom, AST, annual Exclusive Rental 14,400

Number 588a Flat, 3 Bedroom, AST, annual Exclusive Rental 14,400

Number 590a Flat, 3 Bedroom, Regulated, annual Exclusive Rental 5,954

Number 592a Flat, 3 Bedroom, AST, annual Exclusive Rental 14,400

Number 594a 590a Flat, 3 Bedroom, Regulated, annual Exclusive Rental 5,720

TOTAL ANNUAL EXCLUSIVE INCOME 127,778



NOTE: There may be potential to create sub-leases for each flat and then at the appropriate time apply to the Freeholder for 90 year lease extensions in accordance with the Leasehold Reform Housing and Urban Development Act 1993.

LOCAL AUTHORITY: Enfield

LEGAL COST: To be confirmed

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

VIEWINGS: Through London Properties by appointment only.


Tenure: Leasehold for a term of 89 years less 1 day from 1st January 1946 thus having approximately 20 years unexpired at a fixed ground rent of 1,320 per annum
 
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108 Advert ID 44904    Sellers Ref : N9 8AH/BSOL

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