Freehold North London Retail/Residential Investment
Entirely let to tenant trading as Styles & Smiles
Includes self contained three bedroom maisonette
Popular North-East London Location
20 year lease from October 2006 (no breaks)
Important rent review in October 2021
Less than half a mile from Seven Sisters, Stamford Hill and South Tottenham Overground stations as well as Seven Sisters Underground Station
Lot 1
Auction 5th May 2021
Rent £18,500 per Annum Exclusive
Status Sold
Price £480,000
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, close to 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 a pharmacy, post office, Ladbrookes, 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, close to 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 a pharmacy, post office, Ladbrookes, Volvo and various independent cafes, shops and takeaways.
Tenure
Freehold.
Description
The property comprises a three storey building arranged as a ground floor retail unit together with a self contained three bedroom maisonette arranged over part ground, first and second floors.
VAT
VAT is applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Description
The property comprises a three storey building arranged as a ground floor retail unit together with a self contained three bedroom maisonette arranged over part ground, first and second floors.
VAT
VAT is applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
495 Seven Sisters Road
Ground Ground First Second
Retail Residential Residential Residential
52.3 sq m 18.3 sq m 49.3 sq m 50.4 sq m
(563 sq ft) (197 sq ft) (530 sq ft) (543 sq ft)
INDIVIDUAL t/a Styles and Smiles
20 years from 13/10/2006
£18,500
13/10/2021
Total
170.3 sq m
(1,833 sq ft)
£18,500
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
