Auction House London

Lot 10

Commercial Development - Commercial Property 

1A Donkey Lane

Enfield, Middlesex, EN1 3PL

Sold for £181,000

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

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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