Property Information
Address:
31 Park Road, London
, N8 8TE
Price: Property no longer available.
Size: 315 sq ft29 sqm
Primary Category: Shop
All Categories:
Investment, Shop,
Property Ref/Movehut: MH639357
Property Ref/Agent: 1250
*Please use the agent ref when calling the agent directly.
Property description
Description
Freehold building comprising:
A ground floor lock-up shop with a frontage of 12'0" providing approximately 315 sq. ft.
which has been let on a new 5 year lease from Sept-20 at £22,000 per annum.
And;
Ground Floor Flat - Let on an AST expiring 9-Aug-20.
A new AST has been agreed with the tenant and is currently being re-issued under the current terms, £1,250 PCM.
First Floor Flat - Lease has been extended for 125 years from 24-Apr-19 with no ground rent. The premium was negotiated to £27,500.
Top Floor Flat - Original lease operates a 99 year term from 24-Apr-1992 until 23-Apr-2091 with a ground rent of £75 pa until 24/4/2022 when it rises to £150pa until 23/4/2063. The ground rent then rises to £300 pa until the end of the lease.
Location
Located on Park Road (A1201) a short walk from Crouch End Clocktower.
Highgate Underground Station (Northern Line) can be reached to the west. Hornsey
Railway Station is also close by.
Tenure
Freehold
Business Rates
Rateable value - £18,500 (as taken from Gov.uk)
This is not the amount you will pay. The rateable value is used to calculate your rates bill.
Please refer to the Local Authority for more information on rates
Legal Costs
Ingoing tenant to bear both sides reasonable related legal costs.
EPC
Available upon request
VAT
Under the Finance Acts 1989 and 1997 VAT may be levied on the rental price. We recommend that the prospective tenants establish the VAT implications before entering into any agreement.
Viewing
Via owners sole agents Paul Simon Seaton Commercial
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