A Mid Terrace Mixed Use Building Arranged to Provide A Ground Floor Shop with 2 x Two Bedroom Flats Over the First and Second Floors Fully Let Producing £50,500 Per Annum

The property comprises a mid terrace building arranged to provide a ground floor shop, a first floor two bedroom flat and a second floor two bedroom flat.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Firs Farm Wetlands Park are within easy reach. Transport links are provided by Winchmore Hill rail station.

Accommodation

Ground Floor Shop Area First Floor Reception Room Kitchen Two Bedrooms Bathroom Second Floor Reception Room Kitchen Two Bedrooms Bathroom

Tenancy

The shop is subject to an FRI lease at a rent of £17,500 per annum. The rent review effective from 27th July 2024 remains outstanding. The first floor flat, 30 Queens Avenue is rented out on an AST for £19,800. The second floor flat, 30a Queens Avenue is rented out on a statutory periodic tenancy for £13,200 per annum.

Current Rent Reserved

Current Rent Reserved £50,500 per annum

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.