529/529a Seven Sisters Road London N15 6EP

529/529a Seven Sisters Road
London
N15 6EP

Freehold North London Retail/Residential Investment

Entirely let to tenant trading as The Barber Box and Computer Repairs/Tailoring Alterations
16 year lease from May 2007
Possible development opportunity to build additional storey (subject to consents)
Located on busy arterial route (A503) between A1 (Holloway Road) and A10 (Stamford Hill)
Less than half a mile from Seven Sisters, Stamford Hill and South Tottenham Overground stations as well as Seven Sisters Underground Station
Popular North-East London location

Lot
1
Auction
25th March 2021
Rent
£12,500 per Annum Exclusive
Status
Sold
Price
£300,000
Auction Venue
Live Streamed Auction

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Freehold North London Retail/Residential Investment

Entirely let to tenant trading as The Barber Box and Computer Repairs/Tailoring Alterations
16 year lease from May 2007
Possible development opportunity to build additional storey (subject to consents)
Located on busy arterial route (A503) between A1 (Holloway Road) and A10 (Stamford Hill)
Less than half a mile from Seven Sisters, Stamford Hill and South Tottenham Overground stations as well as Seven Sisters Underground Station
Popular North-East London location

Lot 1
Auction 25th March 2021
Rent £12,500 per Annum Exclusive
Status Sold
Price £300,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 5 miles north-east of Central London
Roads: A503 (Seven Sisters Road),; A1, A10, A406 (North Circular)
Rail: Manor House Underground (Piccadilly Line), Stamford Hill (Overground)
Air: London City, London Heathrow

Situation

Seven Sisters Road is a busy main arterial route in North London that runs between the A1 (Holloway Road) and A10 (Stamford Hill). The property is located approximately 4 miles north-west of Stratford and 5 miles north-east of Central London, in a prominent location on the north side of Seven Sisters Road, opposite the Bushy Road open space. The property is less than half a mile from Stamford Hill, South Tottenham and Seven Sisters Overground Stations, as well as Seven Sisters Underground Station (Victoria Line). Nearby occupiers include Volvo and various independent cafes, shops and takeaways.

Tenure

Freehold.

Location

Miles: 5 miles north-east of Central London
Roads: A503 (Seven Sisters Road),; A1, A10, A406 (North Circular)
Rail: Manor House Underground (Piccadilly Line), Stamford Hill (Overground)
Air: London City, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a two storey double-fronted building arranged as two ground floor shops let on one lease, with a studio flat on the first floor.

VAT

VAT is applicable to this lot.

EPC

D. See legal pack at www.acuitus.co.uk.

Description

The property comprises a two storey double-fronted building arranged as two ground floor shops let on one lease, with a studio flat on the first floor.

VAT

VAT is applicable to this lot.

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
529 529a 529/529a	Ground Ground First	Retail Retail Residential (Studio)	17.53 sq m 8.34 sq m 21.92 sq m	(189 sq ft) (90 sq ft) (236 sq ft)	S. JAFFERY t/a The Barber Box and Computer Repair/Tailoring Alterations (1)	16 years from 16/05/2007 until 15/05/2023	£12,500
Total			47.79 sq m	(515 sq ft)			£12,500

(1) Part of the property has been sublet at £9,000 pa. Please see legal pack for full details.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.