Lot 23
Mixed Use - Commercial Property
53 Stroud Green Road
Finsbury Park, London, N4 3EF
Unsold, please refer to Auctioneer
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
Tenure
Location
Planning
'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
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 |
Additional Fees and Disclaimer
Administration charge: £1,500 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.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Enquire about 53 Stroud Green Road, Finsbury Park, London, N4 3EF
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