*Guide | £250,000+ (plus fees)
- Commercial Property
- Tenure: Leasehold. The property will be held on a new 125 year lease on or before completion at a peppercorn ground rent.
Call the team on 020 7625 9007 for more information
A Well Located Commercial Investment Producing £20,000 per annum
The property comprises a ground floor lock up shop situated within a mid terrace building arranged over ground and two upper floors.
Tenure
Leasehold. The property will be held on a new 125 year lease on or before completion at a peppercorn ground rent.
Location
The property forms part of an established parade on a busy road in the popular North London area of Highgate. Nearby Multiples include Buildbase, Topps Tiles and numerous other local traders. Transport links are provided by Highgate Underground Station (Northern Line).
Accommodation
Ground Floor Main Sales Area: 12" x 20" (3.66m x 6.1m) Rear Store Area 12" x 10" (3.66m x 3.05m) Staff Toilets There is a a further area at the back used as a sorting office measuring approximately 9-10 sq m G.I.A = 43 sq m (465 sq ft)
Tenancy
The property is let on an FRI lease for a term of 20 years commencing March 2017 at a rent of £20,000 per annum. 5 yearly reviews. The tenant has multiple Post offices in London.
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.
