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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.
Leasehold. The property will be held on a new 125 year lease on or before completion at a peppercorn ground rent.
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).
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)
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.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.