investment 387 high road wood green n22 8ja ... AWS
INVESTMENT 387 HIGH ROAD WOOD GREEN N22 8JA FREEHOLD RETAIL & RESIDENTIAL INVESTMENT
INVESTMENT SUMMARY • Well located main road position and close to public transport • Vacant shop offering trading/investment opportunity • Freehold and free of VAT • Existing residential income and predicted commercial income £42,000 per annum • Potential to increase residential income
LOCATION The premises are located on the west side of High Road (A105) in a main road secondary retail parade between Truro Road and Sidney Road approximately ¾ mile north of Wood Green (Piccadilly Line) Underground Station. Bowes Park (Great Northern Line) Station is approximately half a mile to the west and the property overlooks Woodside Park. The trading location would suit a variety of retail or A2 occupiers requiring a main road presence and with its excellent public transport the area remains a very popular residential location for easy access to central London.
DESCRIPTION The premises comprise a mid-terrace Edwardian shop and residential upper part arranged over three floors. Formerly trading as a kitchen supplier, the ground floor shop is currently vacant and the upper part is arranged to provide two, selfcontained two bedroom apartments currently let on Assured Shorthold tenancies.
ACCOMMODATION The ground floor provides a shop and rear stores comprising some 804 sq ft (75 sq m) with WC. The three upper floors comprise two flats with access from the street each providing two bedrooms, one reception room, kitchen and bathroom. The accommodation is centrally heated and double glazed.
INCOME Shop Flat 387D Flat 387E Total gross actual /Estimated income
Estimated rental income For a term expiring 1st April 2018 For a term expiring 24th September 2018
£15,000 per annum £14,400 per annum £12,600 per annum £42,000 per annum
RATEABLE VALUE Ground Floor Shop
RV to be re-assessed
Flat 387D
Council Tax Band C
Flat 387E
Council Tax Band C
CONTACTS
VAT The property is not elected for VAT.
PROPOSAL We are instructed to seek offers based upon a guide price of £825,000 for the freehold interest subject to vacant possession of the shop and Assured Shorthold Tenancies in respect of the upper part.
If you require further information or wish to arrange an inspection please contact: PETER LEY e:
[email protected]
t:
020 3141 3601
m: 07717 730 876
EPC Flat 387D -
Reference Number: 2188-8009-7219-3215-8980 Rating: E - 48
Flat 387E-
Reference Number: 8906-6055-8629-3807-9283 Rating: D - 66
Shop:
Reference Number: 9828-3032-0380-0800-5905 Rating: F - 150
Misrepresentation Act 1967 Glenny LLP for themselves and for the Vendors or Lessors of this proerty whose agents they are give notice that: 1. All descriptions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 2. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. 3. These particulars are produced in good faith, and set out as a general guide only and do not constitute part of any offer or contract. 4. No person in the employment of Glenny LLP has any authority to make or give representation or warranty whatsoever in relation to this property. 5. All prices and rents are quoted exclusive of VAT unless otherwise stated. Maps are reproduced under © Crown Copyright 2010. All Rights reserved. Licence number 100020449.
INVESTMENT SUMMARY • Well located main road position and close to public transport • Vacant shop offering trading/investment opportunity • Freehold and free of VAT • Existing residential income and predicted commercial income £42,000 per annum • Potential to increase residential income
LOCATION The premises are located on the west side of High Road (A105) in a main road secondary retail parade between Truro Road and Sidney Road approximately ¾ mile north of Wood Green (Piccadilly Line) Underground Station. Bowes Park (Great Northern Line) Station is approximately half a mile to the west and the property overlooks Woodside Park. The trading location would suit a variety of retail or A2 occupiers requiring a main road presence and with its excellent public transport the area remains a very popular residential location for easy access to central London.
DESCRIPTION The premises comprise a mid-terrace Edwardian shop and residential upper part arranged over three floors. Formerly trading as a kitchen supplier, the ground floor shop is currently vacant and the upper part is arranged to provide two, selfcontained two bedroom apartments currently let on Assured Shorthold tenancies.
ACCOMMODATION The ground floor provides a shop and rear stores comprising some 804 sq ft (75 sq m) with WC. The three upper floors comprise two flats with access from the street each providing two bedrooms, one reception room, kitchen and bathroom. The accommodation is centrally heated and double glazed.
INCOME Shop Flat 387D Flat 387E Total gross actual /Estimated income
Estimated rental income For a term expiring 1st April 2018 For a term expiring 24th September 2018
£15,000 per annum £14,400 per annum £12,600 per annum £42,000 per annum
RATEABLE VALUE Ground Floor Shop
RV to be re-assessed
Flat 387D
Council Tax Band C
Flat 387E
Council Tax Band C
CONTACTS
VAT The property is not elected for VAT.
PROPOSAL We are instructed to seek offers based upon a guide price of £825,000 for the freehold interest subject to vacant possession of the shop and Assured Shorthold Tenancies in respect of the upper part.
If you require further information or wish to arrange an inspection please contact: PETER LEY e:
[email protected]
t:
020 3141 3601
m: 07717 730 876
EPC Flat 387D -
Reference Number: 2188-8009-7219-3215-8980 Rating: E - 48
Flat 387E-
Reference Number: 8906-6055-8629-3807-9283 Rating: D - 66
Shop:
Reference Number: 9828-3032-0380-0800-5905 Rating: F - 150
Misrepresentation Act 1967 Glenny LLP for themselves and for the Vendors or Lessors of this proerty whose agents they are give notice that: 1. All descriptions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 2. Any services mentioned have not been tested and therefore prospective occupiers should satisfy themselves as to their operation. 3. These particulars are produced in good faith, and set out as a general guide only and do not constitute part of any offer or contract. 4. No person in the employment of Glenny LLP has any authority to make or give representation or warranty whatsoever in relation to this property. 5. All prices and rents are quoted exclusive of VAT unless otherwise stated. Maps are reproduced under © Crown Copyright 2010. All Rights reserved. Licence number 100020449.
