A Freehold Service Road Located to the Rear of 362-390 Bowes Road Providing Access and Rights of Way for Garages and Parking. Currently Generating an Income of £500 per annum with Scope to Substantially Increase.

The property comprises a service road to the rear of the shops. There are also some flying freehold sections to two staircases and sections of first floor walkway r/o 368, 378, 380, 388 & 390 Bowes Road. These areas are shown blue on the Title plan, although Nos 374 and 386 are now merged and are now excluded from the Title.

Tenure

Freehold

Location

The site is situated in the North London area of Arnos Grove behind a retail parade on Bowes Road. The open spaces of Arnos Park are within easy reach. Transport links are provided by Arnos Grove underground station (Piccadilly line)

Tenancy

There is a lease for the right of way to a garage at £450 p.a. for a term of 21 years from 25/3/2000. Furthermore, there is permit only parking on the service road with one permit currently granted at £50 p.a. There is great scope to increase the income by active management.

Current Rent Reserved £500 per annum

Viewing Details

Open site

Sellers Solicitor Invoice Number

17309

Purchaser Fee Invoice Number

17310

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.