Units 4, 5 & 6 Frontier Works Industrial Estate, Queen Street Tottenham, London N17 8JA

Units 4, 5 & 6 Frontier Works Industrial Estate, Queen Street
Tottenham, London
N17 8JA

Virtual Freehold Ground Rent Investment

Entirely let to London Borough of Haringey until 2108
Approximately 93 years unexpired
Sought after North London location
Accessed via the A406 North Circular and White Heart Lane
VAT free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
2
Auction
12th February 2015
Rent
£14,464 per Annum Exclusive
Status
Sold
Price
£310,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Virtual Freehold Ground Rent Investment

Entirely let to London Borough of Haringey until 2108
Approximately 93 years unexpired
Sought after North London location
Accessed via the A406 North Circular and White Heart Lane
VAT free investment
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 2
Auction 12th February 2015
Rent £14,464 per Annum Exclusive
Status Sold
Price £310,000
Sector
Ground Rent
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles east of Finchley; 6 miles north-west of Stratford; 7 miles north of Central London
Roads: A10, A406 (North Circular Road)
Rail: White Hart Lane Station (Direct to London Liverpool Street)
Air: London City, London Luton, London Stanstead

Situation

The property, which forms part of the Frontier Works Industrial Estate, is situated to the west of Queen Street. The property can be accessed from both the A406 North Circular Road via Bull Lane which leads into Queen Street and White Hart Lane to the south.

Tenure

Virtual Freehold. Held from Queen Street Management Ltd for a term of 999 years from 25/12/1982 at a peppercorn rent. Three shares in the management company will be transferred to the buyer on completion (please refer to Special Conditions of Sale).

Location

Miles: 6 miles east of Finchley; 6 miles north-west of Stratford; 7 miles north of Central London
Roads: A10, A406 (North Circular Road)
Rail: White Hart Lane Station (Direct to London Liverpool Street)
Air: London City, London Luton, London Stanstead

Situation

Tenure

Description

The property comprises three adjacent and self-contained industrial units which form part of the Frontier Works Industrial Estate.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reviews
4 5 6	Industrial Industrial Industrial	63.96 sq m 63.96 sq m 63.96 sq m	(688 sq ft) (688 sq ft) (688 sq ft)	LONDON BOROUGH OF HARINGEY (1)	125 years from 08/06/1983 until 07/06/2108 on a full repairing and insuring lease	£14,464 (2)	07/06/2018 and five yearly (3)
Totals		191.88 sq m	(2,064 sq ft)			£14,464

(1) The units have been sublet.
(2)The entire Frontier Works Industrial Estate (Units 1-20) is held under the 999 year headlease. The buyer therefore receives 3/20th’s (£14,464 p.a.x) of the income from the estate.
(3)The rent reviews are based on 75% of estimated rental value of the entire Frontier Works Industrial Estate (Units 1-20)