Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
3 miles north-east of Alexandra Palace, 8 miles north of City of London,11 miles north-east of London’s West End
Roads
A10, A406 (North Circular), M1, M25
Rail
Palmers Green Railway Station
Situation
The property is situated in a highly prominent corner position on the northern side of Alderman’s Hill, at its junction with Devonshire Road. The property benefits from being within 100 metres of Palmers Green Railway Station. Nearby occupiers include Morrisons and Little Waitrose supermarkets, McDonald’s, Boots the Chemist, Superdrug, Iceland, Starbucks, and HSBC and
Nationwide Banks.
Tenure
Freehold.
Location
Miles
3 miles north-east of Alexandra Palace, 8 miles north of City of London,11 miles north-east of London’s West End
Roads
A10, A406 (North Circular), M1, M25
Rail
Palmers Green Railway Station
Situation
The property is situated in a highly prominent corner position on the northern side of Alderman’s Hill, at its junction with Devonshire Road. The property benefits from being within 100 metres of Palmers Green Railway Station. Nearby occupiers include Morrisons and Little Waitrose supermarkets, McDonald’s, Boots the Chemist, Superdrug, Iceland, Starbucks, and HSBC and
Nationwide Banks.
Tenure
Freehold.
Description
The property comprises two shops arranged on the ground and basement floors with 9 self-contained residential units arranged on the first and second floors. The residential units on the first floor share a kitchen, a shower room and two toilets, whilst the studios on the second floor share a shower room/toilet and separate WC.
Six Week Completion
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two shops arranged on the ground and basement floors with 9 self-contained residential units arranged on the first and second floors. The residential units on the first floor share a kitchen, a shower room and two toilets, whilst the studios on the second floor share a shower room/toilet and separate WC.
Six Week Completion
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/(Reversion)
Ground Basement
Retail/Ancillary Disused
58.62 sq m –
(631 sq ft) –
MAX LOAN LIMITED (1) (t/a Cash Point)
10 years from 14/12/2011
£27,000
14/12/2016 (13/12/2021)
Ground
Retail/Ancillary
39.03 sq m
(420 sq ft)
M MOUYIA (2) (t/a Natural Stone Gallery)
Approximately 10 years from 19/06/2006 (3)
£6,000
(23/06/2016)
First (Room 6)
Residential
–
–
INDIVIDUAL
AST for 6 months from 11/05/2015
£4,940 (4)
(10/11/2015)
First (Room 7)
Residential
–
–
INDIVIDUAL
AST for 6 months from 15/09/2014
£4,940 (4)
(14/03/2015)
First (Room 8)
Residential
–
–
INDIVIDUAL
AST for 6 months from 11/05/2015
£6,240 (4)
(10/11/2015)
First (Room 10)
Residential
–
–
INDIVIDUAL
AST for 6 months from 11/05/2015
£4,160 (4)
(10/11/2015)
Second (Studio 1)
Residential
–
–
INDIVIDUAL
AST for 6 months from 14/10/2014
£4,940 (4)
(13/04/2015)
Second (Studio 2)
Residential
–
–
UNDER OFFER
Under Offer
£4,160 (4)
Second (Studio 3)
Residential
–
–
INDIVIDUAL
AST for 6 months from 01/06/2015
£5,460 (4)
(30/11/2015)
Second (Studio 4)
Residential
–
–
INDIVIDUAL
AST for 6 months from 11/05/2015
£4,940 (4)
(10/11/2015)
Second (Studio 5)
Residential
–
–
INDIVIDUAL
AST for 6 months from 28/09/2015
£4,680 (4)
(27/03/2016)
Total Commercial Area
97.65 sq m
(1,051 sq ft)
£77,460 (4)
(1) (www.cashpoint-uk.com) A rent deposit of £10,125 is held by the vendor. (2) A rent deposit of £6,000 is held by the vendor. (3) The lease is contracted outside the provisions of the Landlord & Tenant Act 1954. (4) Annual equivalent rent. Rents are paid weekly and are all inclusive rents. All the tenants in the rooms and studios will be signing new 6 month terms and paying the above rents from 7th March 2016
