LOT 16

164 Ballards Lane, Finchley, N3 2PA

FREEHOLD COMMERCIAL INVESTMENT
Result: Withdrawn Prior Guide price: Withdrawn*

Auction Date

Monday, 25th March 2019 11:00am

By Order of LPA Receivers Avison Young

Location & Description

A two storey terraced property with a single storey rear extension within a retail parade comprising a mix of local traders, offices and various food retailers. Arranged as a ground floor shop and bakery with a self contained first floor comprising a food preparation area and studio flat.

Located on the east side of Ballards Lane approximately 100m north of its junction with Long Lane and ½ mile north of Finchley Central underground station. To the rear of the property is a service road accessed via The Ridgeway.

Accommodation

First Floor: Studio Flat (not inspected)
Food preparation area 225 sq ft (21 sq m)
Shower/WC

Ground Floor:
Retail Area: 710 sq ft (65.9 sq m)
Rear Bakery: 310 sq ft (28.8 sq m)

The entire property is subject to a lease for a term of 15 years from December 2006 at a current rent of £30,000 p.a. paid monthly.

EQUIVALENT TO £30,000 p.a.

EPC Rating

On application

Status

Withdrawn Prior

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.