Freehold Cafe and Social Club Investment For Sale - London N22

Passing income: £12,000 pa

68 Myddleton Road,  Bowes Park, LONDON N22 8NW

Features

  • Freehold
  • Rental income of £12,000 pa
  • Opportunity to put in place a new lease with the ground floor tenant which is holding over
  • Rarely available social club investment

Guide price £230,000 subject to contract

Location

The property is located in Bowes Park in suburban North London and only 300m east of Bowes Park Railway Station which provides direct rail services to London Finsbury Park and Moorgate. Bounds Green Underground Station (Piccadilly Line) is 550 metres to the west.

Myddleton Road is a lively local community area with various cafes and restaurants including Vrisaki opposite.

Accommodation

Gross internal area 94.85 sq.m. /1020 sq.ft. 

Total income passing p.a.: £12,000

Ground floor cafe / social club94.85 sq.m. / 1020 sq.ft.
Gross Internal Area
The tenant is holding over on a lease dated 28th October 2016
Income passing p.a. £12,000
External store13.46 sq.m. / 144 sq.ft.
Let in conjunction with the ground floor cafe / social club
1st / 2nd floor flatSold off on a 999 year lease producing a peppercorn ground rent

Description

A freehold mid-terraced shop investment in a popular suburban North London location producing a rental income of £12,000 pa. The property has been used as a social club and cafe for many years.

The residential upper part does not form part of the property, having been sold off on a 999 year lease.

The property benefits from a right of way on foot over the passageway which leads to the back of the property from Marlborough Road.

Terms

Freehold for sale subject to the lease of the ground floor premises producing £12,000 pa. The upper parts have been sold off on a 999 year lease at a peppercorn ground rent.

Viewings

By prior appointment with Gilmartin Ley, telephone 020 8882 0111.

Local authority: London Borough of Haringey

Find out more

I would like to:

  • Request more details
  • Make an offer  
  • Request a viewing
  • Request a call back

(A copy will be sent to your email address).

Also tell me about properties similar to this one


Property reference: 28314 Updated: 18 Mar 2024