341 & 343 Seven Sisters Road and 2-4 Tewkesbury Road
Stamford Hill
London
N15 6RD

Freehold Retail and Residential Investment with Storage Yard with Development Potential (1)

  • Extensive Mixed Use Investment/Development Opportunity (Subject to Consents)
  • Two ground floor Shops, Advertising Right and Storage Yard and building.
  • Includes 6 self contained flats (2x two bed, 1x one bed and 3x studios)
  • Popular North-East London Location close to Stamford Hill Station
  • Lot
    8
  • Auction
    21/Jul/2021
  • Rent
    £108,320 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 341 & 343 Seven Sisters Road and 2-4 Tewkesbury Road, Stamford Hill, London, N15 6RD
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
5 miles north-east of Central London
Roads
A503 (Seven Sisters Road), A10,
A406 (North Circular), M25, A1, M1
Rail
Stamford Hill Overground (0.4 miles)
Manor House Underground
(Piccadilly Line, 0.5 miles)
Air
London City, London Heathrow,
London Stansted airport
Situation

Seven Sisters Road (A503) is a busy main arterial route in North London that runs between the A1 (Holloway Road) and A10 (Stamford Hill).
The location benefits from being situated approximately 4 miles north-west of Stratford and 4 miles north of City of London. The property is prominently situated on the north side of Seven Sisters Road, close to its junction with Eade Road. The Woodberry Wetlands and Finsbury Park are close by. The locality is seeing significant residential investment with major residential developments. The property is close to Stamford Hill Primary School and various independent shops, cafe's and restaurants.

Tenure

Freehold.

Description

The property comprises two three storey buildings each with lock up shops on the ground floor and self contained residential flats above. No. 341 accommodates a studio, a one bedroom and a two bedroom flat and No. 343 accommodates two studio flats and a two bedroom flat. The flats benefit from being accessed from Seven Sisters Road. The property also benefits from a rear yard and building with frontage to Tewksbury Road, together with an advertising right on the side elevation of No. 341.
The property comprises a substantial holding and may benefit from further development potential, subject to lease and consents.

VAT

VAT is applicable to this lot.

Planning

Planning Authority: Haringey Borough Council Tel: 020 8489 1478 Web: www.haringey.gov.uk/planning-and-building-control/planning/planning-applications

Completion Period

Six week Completion

EPC

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

Tenancy & Accommodation

AddressFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
341GroundRetail/Ancillary
28.43 sq m
(306 sq ft)
INDIVIDUAL
t/a An Nur Cafe
5 years from
11/01/2019 (1)
£12,000 (1)10/01/2024
Flat 1, 341BasementResidential
(1 bedroom)
51.09 sq m
(550 sq ft)
INDIVIDUALSAssured Shorthold
Tenancy for a term
expiring 03/02/2020
(holding over)
£9,620.04 
Flat 2, 341FirstResidential
(Studio)
38.74 sq m
(417 sq ft)
INDIVIDUALSAssured Shorthold
Tenancy 1 year from
20/04/2021
£9,900 
Flat 3, 341SecondResidential (2
bedrooms)
70.33 sq m
(757 sq ft)
INDIVIDUALAssured Shorthold
Tenancy 1 year from
21/08/2020
£14,400 
2-4
Tewksbury
Road (Rear
of property)
GroundIndustrial
110.93 sq m
(1,194 sq ft)
(plus yard)
INDIVIDUAL125 years from
29/09/2001
£9,000 (2)28/09/2126
341 side
elevation
-Advertising
right
-
(-)
GLOW OUTDOOR
LIMITED
7 years from
01/07/2017
£10,00030/06/2024
343GroundRetail/Ancillary
25.92 sq m
(279 sq ft)
INDIVIDUAL t/a KB
Classic Cut
5 years from
03/10/2018 (1)
£10,800 (1)02/10/2023
Flat 1, 343BasementResidential
(Studio)
54.35 sq m
(585 sq ft)
INDIVIDUALSAssured Shorthold
Tenancy 1 year from
23/10/2019 (holding
over)
£10,400 
Flat 2, 343FirstResidential
(Studio)
37.62 sq m
(405 sq ft)
INDIVIDUALSAssured Shorthold
Tenancy 1 year from
23/09/2020
£10,500 
Flat 3, 343SecondResidential (2
bedrooms)
70.51 sq m
(759 sq ft)
INDIVIDUALSAssured Shorthold
Tenancy 1 year from
02/12/2019 (holding
over)
£11,700 
Total
482.92 sq m
(5,252 sq ft)   £108,320.04 

(1) As to the leases to the Retail units, each lease is excluded from the security of tenure provisions of the Landlord and Tenant Act 1954 and provides for the rents to be paid monthly.
(2) As to 2-4 Tewksbury Road, the lease provides for the rent payable to the Landlord to be calculated to 50% of the total sum of the Under Rent receivable by the tenant. See Schedule 4 of the lease.

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
    19.07.21
    File Size
    117 MB
    Login to View
  • Site Plan
    Updated Date
    01.07.21
    File Size
    652 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.07.21
    File Size
    2 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Gary Phillips 0207 317 8680gary@solts.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now