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Home » Property Search » Auctions » Current Auction » 244 Town Road Edmonton N9 0ex?url= » Property Search » Auctions » Current Auction » 244 Town Road, Edmonton, N9 0EX

Lot 23 - 244 Town Road, Edmonton, N9 0EX

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FREEHOLD COMMERCIAL INVESTMENT PLUS GROUND RENT

Guide price: £180,000 plus *

Auction Date

Thursday, 8th February 2018 11:00am

Location & Description

A two storey terraced shop and self-contained flat on the south side of Town Road off Montague Road, within easy reach of the North Circular (A406) and about ½ mile from Edmonton Green shopping centre and the mainline station.

Accommodation

Flat (244a):
Sold on a 99 year lease from 2014 at £500 p.a.

Shop:
510 sq ft (47.3 sq m )
Comprising sales area, rear room/kitchen area/preparation area
Plus yard with WC.
Electric roller shutter

Occupied on a repairing and insuring lease by 'Dixy Original' (a chicken & pizza take away - although there are 2 tables for customers) for 20 years from 07.03.2016 at £14,400 p.a.

EQUIVALENT TO £14,900 p.a.

EPC Rating

Shop: On application

Result

Sold for £195,000

Addendum

There are NEW special conditions as clause 4 now correctly describes part of the property as a ground floor shop.

* 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. 

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* 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.