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    Auction House London
    Lot 10
    Commercial Development
    1A Donkey Lane
    Enfield, Middlesex, EN1 3PL
    Sold for £181,000
     
    All
    Number 1
    A Single Storey Garage/Workshop Subject to a Tenancy Producing £13,000 Per Annum. Suitable for Investment or Redevelopment (Subject to obtaining all necessary consents).

    Description

    The property comprises a a single storey workshop measuring approximately 103.1 Sq M (1,110 Sq ft) plus the forecourt.

    Tenure

    Freehold

    Location

    The property is situated on a predominantly residential road close to local shops and amenities. The open spaces Enfield playing fields are with easy reach. Transport links are provided by Southbury overground station.

    Tenancy

    The property is subject to a commercial lease for a term of 12 months from the date of completion at a rent of £13,000 per annum. The tenancy is outside the Landlord and Tenant Act 1954 therefore the new buyer will be able to get vacant possession on the expiry of the lease to redevelop the property (subject to obtaining all necessary consents). The current tenant has been at the property for 16 years.

    Note

    We have been advised that there is potential to create 2 x three bedroom dwellings on the site (subject to obtaining all necessary consents). The vendor has prepared plans for this potential scheme, copies of which can be found in the legal pack.

    VAT

    VAT is not applicable
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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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    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.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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