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For Sale By Auction | 11:30, 22 February 2017 | Lot 35

645 Green Lanes, Wood Green, London, N8 0QY

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Sold £964,000

  • Commercial Property
  • 6 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

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Auction Date

Wed 22/02/2017

Auction Time

11:30

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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A Commercial & Residential Investment Producing £59,500 per annum.

The property comprises a mid terraced building over ground and two upper floors arranged as a ground floor shop with six self contained studio flats above.

Tenure

Freehold

Location

The property is situated in the popular North West London area of Wood Green amongst the local shops and restaurants of Green Lanes. The open spaces of Ducketts Common are also within close proximity. Transport links are provided by Turnpike Lane underground station (Piccadilly line).

Accommodation

Ground Floor Shop Area & Storage First Floor Four Studio Flats Second Floor Two Studio Flats

Tenancy

The shop is let on a 16 year FRI lease commencing 13th April 2010 at a rent of £15,500. 4 yearly reviews. The six flats above are let on a single 3 year tenancy commencing 20th July 2012 (holding over) at a rent of £44,000 per annum.

Current Rent Reserved £59,500 per annum

Viewing Details

Tuesday 7th February 13:30 14:00 Thursday 9th February 13:30 14:00 Tuesday 14th February 13:30 14:00 Thursday 16th February 13:30 14:00 Tuesday 21st February 13:30 14:00

Legal Pack Received

False

Addendum

Amended Guide Price: £800,000+

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.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.