Auction House London

Lot 16

 

238 Stamford Hill

London, N16 6TT

Sold for £1,850,000.

A Commercial and Office Investment Comprising Two Shops with First Floor Offices and Two Containers. Both Shops and the Offices are Let Producing a Combined Income of £85,110 per annum. Offered with Planning Permission (Along with No. 240) to Erect a Second Floor to Provide a Further Three Flats (Two x Two Beds and One x Three Beds).

Description

The property comprises a mid terrace ground floor shop with office accommodation to the first floor. To the rear of the of the property is a second shop which is accessed via Egerton Road. The offices are also accessed via this entrance. The property benefits from a flat roof.

Location

The property is situated on an established parade in the heart of Stamford Hill. Numerous multiples occupy space within the immediate area including Domino's, Sainsburys and Nat West. Transport links are provided by Stamford Hill rail station

Tenure (2nd Column)

Freehold

Planning (2nd Column)

Hackney London Borough Council granted the following permission on 30th March 2012 (Ref: 2010/0951) to encompass both 238 and 240 Stamford Hill: "Erection of a part two, part three storey side extension together with the erection of an additional floor at second floor level and single storey front extension and cantilevered first and second floor above; provision of 3 X 3 - bed units and 2 X 2 - bed units, cycle stores, lift and refuse store; new floor space for existing commercial and retail units and alterations to Stamford Hill and Egerton Road elevations."

Viewing Details

Tuesday 22nd July 14:00-14:30

Accommodation & Tenancy Schedule

Property Floor Accommodation Lessee Lease Terms Current
Annual Rent
Notes
238 Stamford Hill Ground Shop William Hill Organisation Limited 25 year FRI lease from March 1992 expiring in March 2017 £35,000 Reviews every 5 years
238 Stamford Hill First Offices Mr & Mrs Feldman t/a Mosdor Estates FRI Lease for 10 years from 6th June 2000 (holding over) £36,850
Rear of 238 Stamford Hill (accessed via Egerton Gardens) Ground Shop Mr N Tager t/a Mazel Trading known as Royal Kids Clothes Shop FRI lease expiring in March 2017 £10,400
Container 1 Mosdor Estates Let on a licence at a rent of £25 per week £1,300
Container 2 Mr Segal Let on a licence at a rent of £30 per week £1,560

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.

View Details as PDFEnquire Now
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

Share this lot

Similar Properties

Lot 1

51 Upton Heights 214 Upton Lane, London, E7 9NP

*Withdrawn Prior to Auction.

Lot 2

21a Norfolk Road Colliers Wood, London, SW19 2HA

*Sold for £364,000.

Lot 3

Flat 5 249 Goldhurst Terrace, South Hampstead, London, NW6 3EP

*Sold for £735,000.

Enquire about 238 Stamford Hill, London, N16 6TT

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2021 Auction House London
Registered Address: 2 Cotton Street, Liverpool, Merseyside, L3 7DY Company No. 07048084
Footer Logos