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
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.
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.
Contacts
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street London NW3 1QF
