The subject property is located between the junctions of Mattison Road and Pemberton Road on the west side of Green Lanes (A105) in Harringay.
The local area is busy and vibrant with a large variety of independent and multiple retailers, restaurants and bars. Access to green space is also very close by, with Finsbury Park less than 0.25 miles to the south.
Wood Green Shopping City, featuring multiscreen cinemas and extensive retailing is less than 0.75 miles from the property. Multiples include; H&M, Argos, Primark, Boots, WHSmith, Next. There are numerous bars, restaurants and other leisure facilities. The Chocolate Factory, which can also be found in Wood Green was set up by Haringey Arts Council in 1996 provides artists' studios housing circa 200 local artists, music, film and multi media studios, photographic studios, and several performing arts organisations.
Regular rail services to Moorgate (travel time 16 minutes) and London Kings Cross via Highbury & Islington (Victoria Line) (travel time 14 minutes) run from Harringay Station, which is situated less than 0.25 miles to the west of the property. Harringay Green Lanes London Underground Station (London Overground Line) is an even shorter walk from the property, to the south and provides regular services to Gospel Oak, Blackhorse Road and Barking.
There are six bus services running to London Bridge, Waterloo, Tottenham, Crouch End, Palmers Green, Wood Green, Enfield, Stoke Newington, Camden, Islington, Trafalgar Square, Holloway, Dalston, Aldgate and many locations in between, all within circa 0.25 miles of the subject property.
Gross internal area 195.76 sq.m. /2107 sq.ft.
The property is a brick built end of terrace Victorian building comprising; ground floor retail shop, residential maisonette arranged over 1st and 2nd floors and separate two storey rear storage building, accessed via a shared gated service road off Mattison Road.
The property is let on a single 16 year full repairing and insuring lease from 29th September 2011, with four yearly rent reviews. The rent passing is £32,500 per annum.
Under the terms of the Lease the Tenant has the right to sublet the residential upper parts and we understand the tenant is currently operating these as a licensed HMO generating themselves an income of approximately £32,340 per annum (income accurate as at 06.07.13). The HMO comprises 5 letting rooms, communal lounge, communal kitchen and two bathrooms.
Freehold for sale subject to a 16 year full repairing and insuring lease for a term expiring 29th September 2027 to Baldwins Butchers Limited at a rent of £32,500 per annum exclusive.
Rateable value: £18,000
Estimated Rates Payable: £8,640 per annum
Service charge: Nil
Local authority: London Borough of Haringey