LOT 44

3, 5, 7 & 9 Silver Street, Enfield, Middlesex, EN1 3EF

FREEHOLD VACANT SHOP & GROUND RENT INVESTMENT
Guide price: £380,000 - £400,000*

Auction Date

Monday, 10th December 2018 11:00am

BY ORDER OF JOINT LPA RECEIVERS

Location & Description

A substantial part four and part five storey property comprising three shops and 14 flats above. In the town centre, near to the junction with Southbury Road and close to a variety of multiple retailers including Pizza Express (opposite), Lloyds Bank (adjacent), Foxtons, Nandos, William Hill and HSBC. Enfield Town overground station is within close proximity. Enfield has good road links via the A10 Great Cambridge Road which links with the M25 and the A406 North Circular Road. Enfield lies about 12 miles from central London.

ACCOMMODATION (Details provided by seller)

3 Silver Street (Shop):
Sold on a 125 year lease from 2014 at £250 p.a. rising.
5 Silver Street (Shop): 970 sq ft (90 sq m), WC - Offered VACANT
7 Silver Street (Florentina Court - 14 Flats):
Each sold on a 125 year lease from 2014 at £250 p.a. rising.
9 Silver Street (Shop):
Sold on a 999 year lease from 2015 at £250 p.a. rising.

Note

VAT is payable.

EQUIVALENT TO £4,000 p.a. PLUS VACANT SHOP

EPC Rating

C

Status

Sold for £380,000

Addendum

We understand from an expired lease of the vacant shop unit that the freehold also includes one vacant parking space at the rear (known as C5). See legal pack. Upon assignment of the flat leases, there is a transfer fee payable to the Landlord of 0.25% of the gross sale price or 0.25% of the premium payable on the grant of the lease (whichever the highest). 3 Silver St: The term is 999 years from 2015. The property is within The Enfield Town conservation area. 3 Silver St: The term is 999 years from 2015. The property is within The Enfield Town conservation area.

* 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.