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).

Freehold

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.

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.

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 is not applicable