For Sale By Auction | 12.00, 17 September 2019 | Lot 5

Highgate Post Office, 361 Archway Road, Highgate, London, N6 4EJ

*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

Auction Date

Tue 17/09/2019

Auction Time

12.00

Auction Venue

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

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.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.