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.

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.