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Long leasehold shop investment for sale - London N21

Current income of £18,000 pa

  • Under offerFor sale
  • Under offerFor sale

Location

This investment is situated in one of the best locations on Green Lanes, at the bottom of Compton Road, Winchmore Hill.

Adjoining to the north is a dry cleaners and to the south is G. Johns and Sons Architectural Ironmongery.

There is plentiful metered parking immediately outside the property.

The property is situated 500m from Winchmore Hill Green and Winchmore Hill Station is 420m distant providing direct links to Finsbury Park and Moorgate.

 

 



Property reference:28858    Updated: 27 Nov 2020


717 and 717c Green Lanes,  Winchmore Hill, 
LONDON N21 3RX

Guide price £225,000 subject to contract


Features

  • Excellent investment opportunity producing £18,000 pa
  • Prime Winchmore Hill location with excellent parking
  • Long leasehold with c 64 years remaining

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This property comprises two half shops. Each shop has its own WC and kitchen facilities.

717 is let to G. Charalambous t/a Elite Accountants on a 5 year lease expiring October 2025 and with a tenant's option to determine on 11th October 2022. The passing rent is £9,000 pa. 

717c is let to A. M. Kowalczyk and K. Zawadzka t/a Dog World on a 10 year lease expiring February 2029 and with a mutual option to determine on 31st July 2022. The passing rent is £9,000 pa.

Viewings

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

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Accommodation

717 Green Lanes 42.41 sq.m. / 456 sq.ft.

717c Green Lanes 37.38 sq.m. / 402 sq.ft.

Gross internal area 79.79 sq.m. /858 sq.ft. 

Terms: Long lease for sale expiring 29th September 2084 (c 64 years unexpired). The current ground rent payable is £200 pa and this rises to £500 pa in 2051. The property is not elected for VAT so VAT will not be payable on the purchase price.

Service charge: N/A

Local authority: London Borough of Enfield