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MODERN RESIDENTIAL INVESTMENT FOR SALE: 449 High Road, Wood Green, London N22 8JE
LOCATION:
The property is situated approximately nine miles north of Central London and about one mile from Wood Green Town Centre which has a strong retail centre anchored by the Wood Green Shopping Centre and the High Road. The property is at the North end of High Road in a mixed commercial and residential position featuring local retail parades interspersed with residential property. Transport facilities are convenient with Bounds Green and Wood Green Stations (Piccadilly Line) both being within 15 minutes’ walk.
DESCRIPTION:
The property comprises six flats arranged on the first and first floors of a three-storey detached building. The flats have a separate communal access door to the front (High Road) with a single staircase which leads to both floors.
ACCOMMODATION:
| Unit | Floor | Use | Gross Internal Area
Approximate |
|
| Sq Ft | Sq M | |||
| Flat 1 | First | One Bedroom Flat | 831 | 77.24 |
| Flat 2 | First | One Bedroom Flat | 535 | 49.69 |
| Flat 3 | First | One Bedroom Flat | 539 | 50.03 |
| Flat 4 | Second | Two Bedroom Flat | 831 | 77.24 |
| Flat 5 | Second | One Bedroom Flat | 535 | 49.69 |
| Flat 6 | Second | One Bedroom Flat | 539 | 50.03 |
| TOTAL GIA | 3,810 | 353.92 | ||
Each flat has a dedicated parking space (6 parking spaces in total).
TENANCIES:
| All flats are currently let on Assured Shorthold Tenancies (AST) | |||
| Unit | Income | End Date | |
| Per Calendar Month | Per Annum | ||
| Flat 1 | £1,370.00 | £16,440.00 | 19/12/2020 |
| Flat 2 | £1,061.67 | £12,740.00 | 30/04/2020 (month to month) |
| Flat 3 | £1,126.67 | £13,520.00 | 30/04/2020 (month to month) |
| Flat 4 | £1,383.67 | £16,604.00 | 14/11/2020 |
| Flat 5 | £1,235.00 | £14,820.00 | 29/08/2020 |
| Flat 6 | £1,235.00 | £14,820.00 | 11/08/2020 |
| Total Income | £7,412.00 | £88,944.00 | |
TENURE:
The property is held on the residue of a 125 year Lease from 5 March 2004. The Lease stipulates a fixed peppercorn rent (if demanded). There is an annual service charge payable which as at the most recent payment was £3,179.00.
PRICE:
Offers in excess of £2,400,000.
LEGAL COSTS:
Each party to bear their own legal costs.
NOTE:
Under the Estate Agents Act 1979, Section 21, the Agents declare personal interest in the subject property.
VIEWING:
Strictly by appointment through SOLE agents as above.
CONTACT:
Mert Seyhan (020 7482 1203 / mert.seyhan@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: June 2020.
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