Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles north of the City of London
Roads
A10, A406 (North Circular), A503
Rail
Bruce Grove Railway Station (direct to London Liverpool Street)
Air
London City and London Heathrow Airports
Situation
Tottenham is a North London suburb situated 6 miles north of the City of London. The property is prominently situated on the east side of High Road, directly opposite Bruce Grove Railway Station, in a busy trading position a short distance from White Hart Lane Football Stadium. Nearby occupiers include Asda, Iceland, Post Office and Nationwide Building Society.
Tenure
Freehold. Part Freehold and part Leasehold. 500 and part 502 High Road are held freehold the remainder of the property is held leasehold, on three coterminous leases expiring 2032 at a fixed rent of £1,700 p.a.x.
Location
Miles
6 miles north of the City of London
Roads
A10, A406 (North Circular), A503
Rail
Bruce Grove Railway Station (direct to London Liverpool Street)
Air
London City and London Heathrow Airports
Situation
Tottenham is a North London suburb situated 6 miles north of the City of London. The property is prominently situated on the east side of High Road, directly opposite Bruce Grove Railway Station, in a busy trading position a short distance from White Hart Lane Football Stadium. Nearby occupiers include Asda, Iceland, Post Office and Nationwide Building Society.
Tenure
Freehold. Part Freehold and part Leasehold. 500 and part 502 High Road are held freehold the remainder of the property is held leasehold, on three coterminous leases expiring 2032 at a fixed rent of £1,700 p.a.x.
Description
The property comprises two adjoining buildings, forming a terrace of three shops and upper parts. 500 High Road comprises a ground floor retail unit with ancillary accommodation on the first floor. 502/508 High Road comprises two ground floor retail units and self-contained banqueting/conference accommodation on the first floor and ancillary accommodation on the second floor. The first and second floor are accessed separately from the rear.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two adjoining buildings, forming a terrace of three shops and upper parts. 500 High Road comprises a ground floor retail unit with ancillary accommodation on the first floor. 502/508 High Road comprises two ground floor retail units and self-contained banqueting/conference accommodation on the first floor and ancillary accommodation on the second floor. The first and second floor are accessed separately from the rear.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
500
Ground First
Retail/Ancillary Ancillary
28.06 sq m 18.12 sq m
(302 sq ft) (195 sq ft)
LET TO PARKWAY ESTATES LIMITED (1)
From 25/03/1971 until as to part 25/12/2156 (2) and as to part 24/03/2032 (3)
£190,000
502/506
Ground
Retail/Ancillary
458.65 sq m
(4,937 sq ft)
508
Ground First Second
Retail/Ancillary Hospitality Ancillary
347.08 sq m 775.91 sq m 134.98 sq m
(3,736 sq ft) (8,352 sq ft) (1,453 sq ft)
Totals
1,762.80 sq m
(18,975 sq ft)
£190,000
(1) Parkway Estates Limited were incorporated on 14th August 2003 and for the year ending 31st March 2014 had a total net worth of £610,135. (Source: www.riskdisk.com 26/02/2015) (2) The premises demised out of the freehold interest is subject to a rent review on 24/03/2032 and 21 yearly thereafter. (3) The premises demised out of the leasehold interest.
