2 Seven Sisters Road
London
N7 6AH

Freehold Retail Investment

  • Prominently located at junction of Seven Sisters Road and Holloway Road
  • Entirely let to Photo7digital Limited
  • Recently renewed 10 year lease from May 2021 (no breaks)
  • Tenant in occupation for over 18 years
  • Close to Lidl, Waitrose, Iceland & McDonald's
  • Popular and busy North London Location
  • VAT-free London Investment
  • Lot
    12
  • Auction
    16/Jun/2021
  • Rent
    £28,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £500,000 - £525,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 2 Seven Sisters Road<br>London<br>N7 6AH
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  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
4 miles north of Central London
Roads
A1 (Holloway Road)
Rail
Holloway Road Underground (Piccadilly Line)
Air
London City
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 situated in a prominent position on the south side of Seven Sisters Road, very close to its junction with Holloway Road, and less than half a mile from Holloway Road Underground Station (Piccadilly Line). Nearby retailers include Lidl, Waitrose, McDonald's, Iceland, Holland & Barrett, KFC, Superdrug and the Nag's Head Market, as well as numerous independent shops, cafe's and restaurants.

Tenure

Freehold.

Description

The property comprises a three storey building, arranged as a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
First
Second
Retail
Ancillary
Restricted
Access
38.60 sq m
13.50 sq m
-
(415 sq ft)
(145 sq ft)
(-)
PHOTO7DIGITAL
LIMITED t/a
Photo 7 Studio
10 years from
18/5/2021 until
17/05/2031 on a full
repairing and
insuring lease
£28,000 (1)18/05/2026
Total
52.10 sq m
(560 sq ft)
  £28,000 

(1) Under the terms of the lease, the tenant has a rent free period until 28/09/2021. The tenant will then pay half rent from 29/09/2021 until 24/12/2021, after which the tenant will pay the full rent of £28,000 pa. The Vendor has agreed to adjust the completion monies so that the property effectively produces £28,000 pa from completion of the sale until the end of the concessionary rental period
- please see Special Conditions of Sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    28.05.21
    File Size
    45 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    782 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    868 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Gowling WLG 4 More London Riverside
London
SE1 2AU
Emily Blandford 020 7759 6935 emily.blandford@gowlingwlg.com

Useful Links

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