121 High Road
Wood Green
London
N22 6BB

Freehold Retail and Residential Investment with Development Potential (STC)

  • Entire property let with important reversion in 2021
  • Two bedroom maisonette located on upper floors
  • Scope for further residential development at rear extension and into roof (subject to consents)
  • Located adjacent to Wood Green Shopping City in principal retailing pitch
  • Popular and busy North London suburb
  • Lot
    9
  • Auction
    24/Oct/2019
  • Rent
    £55,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 121 High Road<br>Wood Green<br>London<br>N22 6BB
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* More information on the term "price" can be found here

Property Information

Location
Miles
6.8 miles north of Charing Cross
Roads
A105, A504, A10, A406 North Circular Road
Rail
Wood Green Underground, Turnpike Lane Underground (Piccadilly Line)
Air
London City Airport
Situation

Wood Green is a busy North London suburb located some 6 miles north of central London. The property is situated in a prominent location on the west side of the busy High Road (A105), the principal retailing pitch, less than 100 metres from The Mall Shopping Centre which houses a 12-screen cinema and over 100 retailers including Boots, H&M, Schuh, Costa and Primark.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation. The first and second floors comprise a residential maisonette which currently provides three rooms, two bathrooms and a kitchen, with scope for extending this further at the rear extension and into the roof (subject to consents). The residential accommodation is currently self contained and is accessed from the rear.

VAT

VAT is not applicable to this lot.

EPC

D

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/(Reversion)
Ground
Basement
First
Second
Retail
Ancillary
Residential
Residential
96.50 sq m
36.40 sq m
39.02 sq m
25.55 sq m
(1,038 sq ft)
(391 sq ft)
(420 sq ft)
(275 sq ft)
ARK EUROPE
LIMITED (1)
15 years from
10/07/2006 on a full repairing and
insuring lease
£55,000 (2)10/07/2016
(09/072021)
Total
197.47 sq m
(2,124 sq ft)
  £55,000 

(1) We understand the residential flat has been sublet.
(2) A rent deposit of £13,750 is held.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    972 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
Asserson 38 Wigmore Street
London
W1U 2RU
Malcolm Adler 0203 150 1300malcolm.adler@asserson.co.uk

Useful Links

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