A Well Located Redevelopment Opportunity Comprising a Pair of Mixed Use Buildings Currently Arranged to Provide Two Ground Floor Shops, a First Floor Office and a Rear Garage. Part Let Producing £55,500 per annum. Vacant Possession of the Garage. Offered with Planning Permission to Extend the Existing Buildings to Provide a Further Six Self-Contained Flats (4 x 1 Bed, 2 x 2 Bed) in Addition to the Existing Accommodation.
Planning (2nd Column)
"Part single part three storey rear extension, with 2nd floor extension to no. 53 Ballards Lane, conversion to form a re-configured ground floor A1 and D1 units and 6 no. self contained flats over the 1st and 2nd floors."
Accommodation & Tenancy Schedule
|Property||Floor||Accommodation||Tenancy Details||Current Annual Rent|
|53 Ballards Lane||Ground||Shop Area||Let on a FRI Lease to Kingsley Opticians Ltd from 21/06/2013 - 28/09/2015. A section 26 notice has been served for a new lease and a counter-notice opposing the new lease has been served on 17th June 2015.||£18,000|
|55 Ballards Lane||Ground||Shop Area||Let on a 5 year FRI Lease to Tronix Ltd from 09/09/2013 - 08/09/2018. Option to break at 28/09/2015. A break notice has been served on 17th June 2015.||£17,500|
|Abacus House||First & Second||Offices||Let to CET Language Schools UK Ltd from 19/01/2007 - 28/09/2015. Lease is outside the act thus vacant possession available upon expiry of the tenancy.||£20,000|
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.
Enquire about 53-55 Ballards Lane, Finchley, London, N3 1XP
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