Lot 35
    Commercial Property
    645 Green Lanes
    Wood Green, London, N8 0QY
    Sold for £964,000
     
    Number 1
    A Commercial & Residential Investment Producing £59,500 per annum.

    Description

    The property comprises a mid terraced building over ground and two upper floors arranged as a ground floor shop with six self contained studio flats above.

    Tenure

    Freehold

    Location

    The property is situated in the popular North West London area of Wood Green amongst the local shops and restaurants of Green Lanes. The open spaces of Ducketts Common are also within close proximity. Transport links are provided by Turnpike Lane underground station (Piccadilly line).

    Tenancy

    The shop is let on a 16 year FRI lease commencing 13th April 2010 at a rent of £15,500. 4 yearly reviews.
    The six flats above are let on a single 3 year tenancy commencing 20th July 2012 (holding over) at a rent of £44,000 per annum.

    Accommodation (2nd Column)

    Ground Floor
    Shop Area & Storage

    First Floor
    Four Studio Flats

    Second Floor
    Two Studio Flats

    Viewing Details

    Tuesday 7th February 13:30 14:00
    Thursday 9th February 13:30 14:00
    Tuesday 14th February 13:30 14:00
    Thursday 16th February 13:30 14:00
    Tuesday 21st February 13:30 14:00

    Bold Black Text

    Current Rent Reserved £59,500 per annum

    Addendum

    Amended Guide Price: £800,000+
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    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.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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