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PRIME FREEHOLD INVESTMENT FOR SALE, IN TOTTENHAM

For Sale
513-525 High Road, Tottenham, London, N17 6SB
PRICE: Offers In Excess of £3,000,000

Location:

The property is situated in a prime position on the corner of High Road Tottenham and Bruce Grove. The immediate occupiers include Superdrug, McDonalds, Iceland, Asda and Poundland. Transport facilities are excellent with Bruce Grove Station (London Overground) being immediately opposite.  Numerous bus routes also serve the area.

Description:

The property comprises a parade of 5 retail shops together with six self-contained flats arranged on the first & second floors (1 x 1 bed, 4 x 2 bed flats, and 1 x 3 bed flat).

Accommodation:

Commercial
Unit Floor Gross Internal Area  Rent Lease Rent Review
513 Ground 160 Sq Ft £4,500 pax Sub-lease Holding Over
515-519 Ground 532 Sq Ft £32,500 pax 15 years from

16/04/2022  – 05/04/2037

06/04/2027
521 Ground

 

306 Sq Ft £20,352 pax 12 years from

30/10/2019 – 29/10/2031

30/10/2023

30/10/2027

523

 

Ground 474 Sq Ft £21,000 pax 8 years from

18/04/2018 – 17/04/2026

17/04/2022
525

 

Ground 681 Sq Ft £23,000 pax 10 years from

16/01/2015 – 15/01/2025

29/09/2021

Total Commercial Rental Income:   £101,352 pax

Residential
Unit Floor Description

 

Gross Internal Area Rent

 

Term
Flat 1 1st Floor 2 bed 646 Sq Ft £15,600 per annum 1 year AST from 21/10/2021
Flat 2 1st Floor 2 bed 470 Sq Ft £14,400 per annum 1 year AST from 18/09/2021
Flat 3 1st Floor 1 bed 323 Sq Ft £11,100 per annum 1 year AST from 26/08/2021
Flat 4 1st Floor 2 bed 606 Sq Ft £15,600 per annum 1 year AST from 13/11/2021
Flat 5 1st & 2nd Floor 2 bed 627 Sq Ft Estimated rent £15,600 per annum Vacant
Flat 6 2nd Floor 3 bed 824 Sq Ft £19,500 per annum 1 year AST from 09/10/2021

Total Residential Rental Income:   £91,800 pax

Total Actual Rental Income:   £177,552 pax

Total Estimated Rental Income:   £193,152 pax once the vacant flat has been let

Tenure:

Freehold (with the exception of 513 High Road)

Price:

Offers in Excess of £3,000,000 (Subject To Contract)

Identification:

Under the Anti Money Laundering Regulations 2017, we are obliged to verify the identity of proposed buyers prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.

Viewing:

Strictly by appointment through Christo & Co.

Contact: Paul Stone 020 7482 1203  / 07973 845 462 / paul.stone@christo.co.uk

Subject To Contract 

NOTICE RELATING TO THE PROPERTY MISDESCRIPTIONS ACT
Christo & Co as Agents and for the Vendors/Lessors of this property give notice that: 1) These particulars have been checked and are understood to be materially correct at the date of publication. The content however, is given without responsibility and should not, in any circumstances, be relied upon as representations of fact. Intending Purchasers/Lessees should satisfy themselves as to their correctness and as to the availability to the property prior to arranging viewings of the property. 2) These particulars are a guide only and do not form part of an offer or contract. 3) Christo & Co, their employees, nor the Vendors/Lessors make or give any representation or warranty in relation to the property. 4) No representation or warranty is given in respect of any part, equipment or services at the property. 5) Unless otherwise stated, prices, rents or other prices quoted are exclusive of VAT. Intending Purchasers/Lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction relating to this property. 6) Date of Publication: May 2022.
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Address

513-525 High Road, Tottenham, London, N17 6SB
United Kingdom
London
Tottenham
N17 6SB

Additional Details

PRICE: Offers In Excess of £3,000,000
5,851
543
Freehold/Long Leasehold

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Contact Team Member

Paul Stone <i>FICBA FNAEA</i><strong>Director</strong>

Paul Stone FICBA FNAEADirector









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