Auction House London

Lot 14

 

189 Philip Lane

Tottenham, London, N15 4HQ

Sold for £270,000.

A Residential & Commercial Investment Producing £34,541 per annum

Description

Tenure

Freehold

Location

Philip Lane is an established parade in the North London area of Tottenham nearby multiples include William Hill and various other local traders. Transport links are provided by Seven Sisters underground station (Victoria Line) and Seven Sisters rail station.

Description (2nd Column)

The property comprises a ground floor lock up shop with three self-contained studio flats above situated within a mid terrace building arranged over ground and first floors. The shop benefits from A1 use.

Viewing Details

Monday 1st September 11:00-12:00
Monday 8th September 11:00-12:00
Friday 12th September 10:00-10:30
Monday 15th September 11:00-12:00

Accommodation & Tenancy Schedule

Property Floor Accommodation Terms of Tenancy Current Annual Income
Shop Ground Floor Room, Kitchen, WC with wash basin Let on a FRI lease for a term of 7 years from January 2013 producing £2,100 per quarter £8,400
Flat 1 First Floor Studio Accommodation Let on a 6 month AST from 12/11/12 producing £738.48 pcm (holding over) £8,861
Flat 2 First Floor Studio Accommodation Let on a 6 month AST from 19/03/12 producing £720 pcm (holding over) £8,640
Flat 3 First Floor Studio Accommodation Let on a 6 month AST from 19/03/12 producing £720 pcm (holding over) £8,640

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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