SoldFreehold (A3 Use) Shop and Upper Parts For Sale - London N21

Ground floor - vacant possession. 4 bed flat - let on an AST

56/56A Hoppers Road,  Winchmore Hill, London N21 3LH

Features

  • Freehold for sale with vacant possession of ground floor restaurant
  • Residential upper parts currently let on an AST with passing rent of £1,600 pcm
  • Potential to add value through refurbishment / development
  • Affluent North London Location
  • Less than 1.0 km (0.62 miles) to Winchmore Hill & Palmers Green Railway Stations (Great Northern Line)
  • Southgate London Underground Station is 1.74 km (1.1 miles)

Location

The subject property is located in the affluent North London residential suburb of Winchmore Hill.

The property is situated at the southern end of Hoppers Road, at its junction with Stonard Road circa 50 metres north of Bourne Hill and 100 metres west of Green Lanes.

The property has good transport communications.

Palmers Green and Winchmore Hill Railway Stations (Great Northern Line) are both less than 1.0 kilometres (0.62 miles) to the south and north of the property respectively, which provide frequent direct services to Finsbury Park (Victoria, Piccadilly & Overground Lines), with a journey time of circa 14 minutes and to Moorgate Station (Northern Line), with a journey time of circa 24 minutes. Northbound, there are regular services to Hertford North and Stevenage with journey times of circa 22 minutes and 35 minutes respectively.

Southgate London Underground Station (Piccadilly Lines) is 1.74 kilometres (1.1 miles) to the west.

A number of bus services (W9, 329, N29) run along Green Lanes and Hoppers Road, providing frequent services to Southgate, Enfield and Wood Green.

The North Circular Road (A406) is 1.13 kilometres (0.70 miles) to the south, the Great Cambridge Road (A10) is 1.6 kilometres (0.99 miles) to the east and the M25 Motorway (Junction 25) is 7.01 kilometres (4.35 miles) to the north.

Net internal area 203.48 sq.m. /2190 sq.ft. 

Ground Floor Restaurant119.92 sq.m. / 1290 sq.ft.
Vacant possession
Duplex First And Second Floor Maisonette83.56 sq.m. / 899 sq.ft.
Let on an AST

Description

The subject property comprises a substantial end of terrace restaurant / shop and residential upper parts arranged over ground, first and second floors.

The ground floor commercial element benefits from an A3 (restaurant) planning use class, and is being sold with vacant possession.

The two upper floors are currently configured to provide a large four bedroom self contained maisonette, which is in good decorative order and let on an Assured Shorthold Tenancy (AST).

Apart from the development potential that could be realised by exploring possible reconfiguration of the existing space and alternative uses, the property also has approved planning permission to build a 21 sq.m (226 sq.ft) single storey extension to the rear (planning ref: 16/01402/FUL).

Terms

Freehold for sale with vacant possession of the ground floor shop (A3 Use). The maisonette is let on a Assured Shorthold Tenancy (AST), generating an income of £19,200 per annum.

Rateable value: £12,500

Estimated Rates Payable: £1,000 per annum

Service charge: n/a

Local authority: London Borough of Enfield


Property reference: 25162 Updated: 15 Sep 2017