Shop for sale
Property description & features
- Tenure: Leasehold
- For sale by online auction
- Retail
TO BE SOLD BY ONLINE AUCTION AS LOT 23 ON TUESDAY 10 DEC 2024 - Head Leasehold Shop, Two Self-Contained Flats and Rear Commercial Unit
London Borough of Barnet
Situated near to the junction with Northway, close to a good variety of local retailers and East Finchley Tube Station (Northern Line).
A Terrace Shop, Rear Commercial Unit and Three Floor Upper Part arranged as follows:
32(B) Market Place
A Self-Contained Second and Third Floor Flat on lease for a term of 99 years from 29th September 1987 at a current ground rent of £400 per annum rising to £800 per annum. (Approximately 61 years unexpired).
32(A) Market Place
A Self-Contained First Floor Flat on lease for a term of 1991 years from 25th March 1989 at a peppercorn ground rent.
32(C) Market Place (Ground Floor Rear Commercial Unit)
Let on a commercial lease at £6,000 per annum.
Ground Floor Shop
Currently let to Bazock Limited from the 14th of May 2020 with fixed term of five years (expiring 14th May 2025) currently producing a rental income of £12,000 per annum.
The entire property is subject to a headlease for a term of 1992 years from 25th March 1959 (thus having approximately 1926 years unexpired) at a ground rent of £5 per annum.
Producing £18,395 per annum
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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