North London Shop and Upper Parts Investment For Sale - London N21

11 Chaseville Parade, Chaseville Park Road, Winchmore Hill,
LONDON N21 1PG

£550,000 subject to contract

Net internal area: 116.78 sq.m. (1257 sq.ft.)

Gilbox

19116

Ownership:

Freehold

Price:

£550,000 subject to contract

Location:

The subject property is located in Chaseville Parade on the north side of Chaseville Park Road, which is situated in an affluent residential area of Winchmore Hill, just east of the junction with Eversley Park Road, World’s End Lane and Green Dragon Lane. Highlands Village is located immediately to the north.

Southgate & Oakwood London Underground Stations (Piccadilly Line) and Winchmore Hill & Grange Park Main Line Rail Stations are all within three quarters of a mile from the subject property.

Description:

Accomodation:
Ground Floor Restaurant
First & Second Floor Residential
2 x 1 Bedroom Flats

Newly Refurbished Restaurant & Take Away
58 Covers
Rear loading access
Air Conditioning

Male and Female WC’s
Gas Central Heating
Free Visitor Parking to front slip road
2 x 1 Bedroom Flats let on Assured Shorthold Tenancies

Accommodation:

Net internal area: 116.78 sq.m. (1257 sq.ft.) comprising:

Ground Floor Restaurant	116.78 sq.m.	1257 sq.ft.

Terms:

Freehold subject to a new lease on the ground floor restaurant for a term of 25 years from 8th February 2010 at a commencing rent of £15,000 per annum exclusive and only rent reviews at 4 yearly intervals. The upper parts are subject to Assured Shorthold Tenancies currently providing an income of £16,560 per annum exclusive (£690 per calendar month per flat). Total Rent: £31,560 per annum

Legal fees:

Each party bears own legal fees

Local authority:

London Borough of Enfield

2010 Rateable Value:

£12,000 Estimated Rates Payable: £5,112 per annum

Viewings:

By prior appointment with Gilmartin Ley, telephone 020 8882 0111 - Click here for Enquiries

Reference:

19116 Updated: 12 Dec 2011

Please note that these details are subject to our disclaimer.