Lot 23
    Mixed Use
    53 Stroud Green Road
    Finsbury Park, London, N4 3EF
    Unsold, please refer to Auctioneer
     
    Number 1
    A Commercial and Residential Investment Producing £63,800 per annum. Offered with Planning Permission for Conversion of the Second Floor Flat to Extend into the Loft Space with New Dormer Windows to Create a Three Bedroom Flat.
    Eight Week Completion Available

    Description

    The property comprises a ground floor restaurant with two x 2 bedroom flats above situated within a semi-detached mixed use building arranged over ground and two upper floors.

    Tenure

    Freehold

    Location

    The property is situated in the North London area of Finsbury Park amongst local shops and amenities. The open spaces of Finsbury Park are within easy reach. Transport links are provided by Finsbury Park overground and rail stations.

    Planning

    Islington Borough Council granted the following planning permission (Ref: P2018/1065/FUL) on 13th June 2018 for:
    'Alteration to layout of second floor flat including the conversion of the loft space with new dormer windows to the rear and side and 3 rooflights in front roofslope. Relocation of shared entrance serving the existing 2 flats on floors 1 and 2 resulting in increased ground level floor space'.

    Proposed Accommodation

    Second Floor
    Three Bedrooms (One with En-suite Shower)
    Bathroom with WC & wash basin

    Third Floor
    Reception Room with Open Plan Kitchen/Diner

    Accommodation & Tenancy Schedule

    Floor Accommodation Tenancy Current
    Annual Rent
    Ground Floor Shop Restaurant Area, Bar Area, Kitchen, Separate WC's 20 Year FRI Lease Commencing 16th December 2019 at £5,875 quarterly. With 5 yearly rent reviews. £23,500
    First Floor Flat Reception Room, Two Bedrooms, Kitchen, Bathroom with WC & wash basin Let on a 12 month AST commencing 16th November 2019 at £400 per week £20,800
    Second Floor Flat Reception Room, Two Bedrooms, Kitchen, Bathroom with WC & wash basin Let on a 12 month AST commencing 20th February 2018 at £375 per week £19,500
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