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
Addendum
Amended Guide Price: £1,500,000+
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 NowFinance Available
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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