Lot 59A
    Mixed Use
    53 Stroud Green Road
    Finsbury Park, London, N4 3EF
    Please refer to auctioneer for more information
     
    Number 1
    A Freehold Mixed Use Semi-Detached Building (Both Flats Sold Off on Long Leases) with the Ground Floor Commercial Unit Let on a 20 year FRI Lease (Restaurant). Producing a Combined Income of £23,700 Per Annum.

    Description

    The property comprises a semi-detached mixed use building arranged over ground and two upper floors arranged as a ground floor restaurant and two flats above. The flats are both sold off on long leases.

    Location

    The property occupies a prominent position on a popular parade in the North London area of Finsbury Park amongst the shops and amenities of Stroud Green Road. Nearby multiples include Sainsburys and Nandos. Transport links are provided by Finsbury Park overground and rail stations.

    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 Flat A Sold off on a 999 year lease from 2020 £100
    Second Flat B Sold off on a 999 year lease from 2020 £100
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