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    Auction House London
    Lot 54
    Retail Property (high street)
    78 High Street
    Crouch End, London, N8 7NU
    Sold Prior to auction, for an undisclosed amount
     
    All
    Number 1
    A Ground Floor Retail Unit Subject to a Commercial Lease Producing £18,000 Per Annum
    By Order of the LPA Receivers

    Description

    The property comprises a ground floor retail unit situated within an end of terrace building arranged over ground and two upper floors.

    Tenure

    Leasehold. The property is held on a 125 year lease from 25th December 1995 (thus approximately 99 years unexpired).

    Location

    The property is situated on an established parade in the popular North London area of Crouch End close to local shops and amenities. Nearby multiples include Argos and Sainsburys both of whom are opposite. The open spaces of Priory Park are within easy reach. Transport links are provided by Hornsey rail station.

    Accommodation

    Ground Floor
    Retail Area 32.96 sq m (355 sq ft)
    Kitchen 6.32 sq m (68 sq ft)
    Storage 15.28 sq m (164 sq ft)
    WC 2.96 sq m (32 sq ft)

    Exterior

    The property benefits from a rear garden.

    Note

    The property has not been inspected by Auction House London. All information has been taken from a surveyors report (dated January 2015).

    Addendum

    Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,200 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers. Amended Guide Price: £225,000+ We have been informed that there is an additional studio space that is let for £3,000 per annum. Please note that we have not inspected the property nor had sight of the tenancy agreement nor any planning information regarding the studio space. We have also had a third party claim that has registered to bid that there is a total of £3,692.09 outstanding relating to the Ground Rent, Service Charge & Building Insurance. The solicitor acting on behalf of the seller has made contact with the 3rd party to obtain LPE1 form. However, the position at the time of the auction is as per special condition 43 & 44.
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    020 7625 9007 or email us at info@auctionhouselondon.co.uk
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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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