33 Crouch Hill London N4 4AP

33 Crouch Hill
London
N4 4AP

Freehold Day Nursery and Residential Investment

Part Let to Asquith Nurseries Limited until 2022 (subject to options)
Includes six residential flats (one flat to be let)
Redevelopment potential (subject to consents)
900 metres west of Finsbury Park
Opposite Crouch Hill Railway Station

Lot
35
Auction
22nd February 2011
Rent
£52,138 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Day Nursery and Residential Investment

Part Let to Asquith Nurseries Limited until 2022 (subject to options)
Includes six residential flats (one flat to be let)
Redevelopment potential (subject to consents)
900 metres west of Finsbury Park
Opposite Crouch Hill Railway Station

Lot 35
Auction 22nd February 2011
Rent £52,138 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Residential
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 900 metres west of Finsbury Park; 2 miles north of Islington; 4 miles north of the City of London
Roads: A1, A503, A10, A406
Rail: Crouch Hill Rail (London Overground)
Air: City Airport

Situation

The property is situated in a popular residential location on the west side of Crouch Hill (A1201) close to the junction with Trinder Road. Crouch Hill is located between the A10 and the A1 which are the main arterial routes through North London to the City and West End. Crouch Hill Railway Station is opposite the property.

Tenure

Freehold.

Location

Miles: 900 metres west of Finsbury Park; 2 miles north of Islington; 4 miles north of the City of London
Roads: A1, A503, A10, A406
Rail: Crouch Hill Rail (London Overground)
Air: City Airport

Situation

Tenure

Freehold.

Description

The property is a substantial and attractive period building comprising a DAY NURSERY on the basement and ground floor with THREE STUDIO FLATS on the first floor and THREE STUDIO FLATS on the second floor. The property may be suitable for redevelopment of the upper parts subject to gaining the necessary planning consents.

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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground	Day Nursery Day Nursery	51.55 sq m 69.29 sq m	(555 sq ft) (746 sq ft)	ASQUITH NURSERIES LIMITED (1)	25 years from 01/03/1997 until 2022 on a full repairing and insuring lease (1)(2)	£18,250	2012 and 2017
First	Flat 1 (Studio)	18.58 sq m	(200 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy, currently holding over	£6,720
	Flat 2 (Studio)	27.12 sq m	(292 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy, currently holding over	£7,228
	Flat 3 (Studio)	18.58 sq m	(200 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy, currently holding over	£7,200
Second	Flat 4 (Studio)	18.58 sq m	(200 sq ft)	VACANT	Vacant Possession	-
	Flat 5 (Studio)	27.12 sq m	(292 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy, currently holding over	£6,760
	Flat 6 (Studio)	18.58 sq m	(200 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy, currently holding over	£5,980
Totals		249.40 sq m	(2,685 sq ft)			£52,138

(1) Asquith Nurseries Ltd is the UK’s leading provider of premium childcare and education for the under 5s. The company have more than 80 day nurseries and créches across the country.
(2) The lease provides for a tenant’s option to determine the lease on the 15th and 20th anniversaries of the term on giving six months’ written notice.