SoldFreehold Ground Rent For Sale - London N12
Passing income of £1,500 pa
760 High Road,
North Finchley, LONDON N12 9QHThe property occupies a prominent commercial position on the east side of the High Road, close to Tally Ho Corner in North Finchley which is an affluent part of North London.
Public transport communications are excellent: the High Road is a principal bus route and Woodside Park Underground Station (Northern Line) is 650 metres to the west.
Accommodation
Gross internal area 774.00 sq.m. /8331 sq.ft.
Total income passing p.a.: £1,500
This property is an imposing mid-terraced building originally built in the 1930s as a furniture showroom and billiard hall.
The property is not Listed but it is locally listed.
The property is set out over basement, ground, first and second floors.
We estimate the Gross Internal Area to be c. 8,330 sq ft including 2,000 sq ft at basement level.
Externally there is a rear yard / car park which is accessed via a car park on Stanhope Road. While this access has clearly been in place for a long time the registered title makes no mention of a right of way.
The freehold is subject to a 999 year lease from 29/9/1936 (913 years unexpired). This lease grants the tenant a right of way over the land to the rear leading to Stanhope Road.
The lease is silent as to user and the rent is fixed at £1,500 pa as a result of a deed dated 15/12/1977.
The lease provides for the tenant to insure.
Structural alterations and redevelopment are permitted only with the landlord's consent which is not to be unreasonably withheld or unduly delayed.
The lease contains no restrictions in respect of sub-letting or assignment.