A Ground Floor Retail Unit Subject to a Commercial Lease Producing £18,000 Per Annum

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

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.

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)

The property benefits from a rear garden.

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

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.