LOT 29A

7 & 7A The Broadway, High Road, Wood Green, N22 6DS

FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT
Guide price: £900,000 - £925,000*

Auction Date

Tuesday, 22nd May 2018 11:00am

Location & Description

A mid terrace three storey property comprising a ground floor shop with separate rear access to a self-contained maisonette on two upper floors.
Occupying a prominent trading position within the heart of the town centre amongst a variety of multiple retailers including NatWest, Ladbrokes, KFC, Foxtons, Subway, Metro Bank and others. Wood Green underground station (Piccadilly line) is within a short distance. The Mall and the Vue cinema are also within close proximity.
Wood Green is a popular residential suburb about 7 miles north of central London.

ACCOMMODATION (Based on VOA website)

Ground Floor Shop: 1,145 sq ft (106.4 sq m)
Let on a full repairing and insuring lease to Greggs Plc for 10 years from 24.06.2017 at £41,500 p.a. Rent review 24.06.2022. Tenant's break 23.06.2022 on 6 months' notice.
Tenant Profile: www.greggs.co.uk
Over 1,850 branches. Year ended 31.12.2016, Greggs Plc reported a turnover of £894m and a pre-tax profit of £80.3m. First & Second Floor Maisonette (7A): 4 rooms, kitchen, bathroom/WC
Let to an individual on an AST for a term expiring on 17.09.2018 at £1,650 pcm.

EQUIVALENT TO £61,300 p.a.

EPC Rating

Shop: On application Maisonette: D

Property Features

  • Shop let to Greggs Plc & Maisonette let on AST
  • Town Centre
  • Close to Wood Green underground station
  • Equivalent to £61,300 p.a.

Status

Sold for £1,250,000

Addendum

The accommodation for the upper part is: 5 rooms, kitchen, shower room/WC, shower room, sep. WC. A floor plan is available in the legal pack. In the AST, there is a tenant's break on one month's notice and a landlord's break on 2 months' notice.

* 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.