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PRIME MIXED USE INVESTMENT FOR SALE, EAST FINCHLEY N2

For Sale
118 High Road, East Finchley, London N2 9ED
PRICE: Offers In Excess of £1,600,000

LOCATION:

The property is situated on the corner of High Road & Lincoln Road, within a parade of local and multiple retailers & restaurants. Notable occupiers in the immediate vicinity include Sainsbury’s Local, Iceland Foods, Budgens, Caffé Nero and Domino’s Pizza. Transport facilities are convenient with East Finchley Station (London Underground Northern Line) being within 5 minutes’ walk. Numerous buses also serve the area.

DESCRIPTION:

The property comprises a restaurant arranged over ground floor with two self-contained 2-bedroom flats above which benefit from separate access.

ACCOMMODATION:

RESIDENTIAL
Unit Floor Use Gross Internal Area

Approximate

Sq Ft Sq M
Flat 1 First Two Bedroom Flat 640 59.50
Flat 2 Second Two Bedroom Flat 721 67.00
TOTAL GIA 1,361 126.50

 

COMMERCIAL
Unit Floor Use Gross Internal  Area

Approximate

Sq Ft Sq M
Commercial Ground & Mezzanine Restaurant 1,507 140
TOTAL GIA 1,507 140

TENANCIES:

Unit Income Term
Per Calendar Month Per Annum
Flat 1 £1,516.67 £18,200.00 Assured Shorthold Tenancy (AST) for a year from 21/10/2021.
Flat 2 £1,580.00 £18,960.00 Assured Shorthold Tenancy (AST) for a year from 03/06/2022.
Commercial £3,750.00 £45,000.00 FRI Lease for a term of 20 years, from 10/06/2011, subject to 5 yearly, open market, upward only rent reviews.

(2021 Rent Review is outstanding.)

Total Rental Income £6,846.67 £82,160.00  

TENURE:

Freehold

PRICE:

Offers in excess of £1,600,000.

LEGAL COSTS:

Each party to bear their own legal costs.

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:

Mert Seyhan

020 7482 1203 / 07506 732734 / 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: May 2022.
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Address

118 High Road, East Finchley, London N2 9ED
United Kingdom
London
East Finchley
N2 9ED

Additional Details

PRICE: Offers In Excess of £1,600,000
2,868
266.50
Freehold/Long Leasehold

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