40 Green Lanes, Palmers Green, N13 6HT
741 Sq Ft / Other / Investment
For Sale
- £900,000.00
Available - Last updated: 19 December 2024
Summary
The ground floor unit is arranged as a café, trading as N13 Café & Bakery, the first floor is arranged as three studio flats. There is a rear garden area that had previous consent for a small mixed use development, for further information please visit Enfield Borough Council website.
Key Points
Leases
The property is understood to be subject to the following leases:
Ground Floor
The ground floor is let to Coffee Shop (N) Limited with a company guarantor. The property is leased for a 10 year term commencing 15th February 2024 on effectively full repairing basis, the current passing rent is £25,000 per annum.
Upper Parts
The three studio flats are all subject to AST’s with two of them producing an income of £750 pcm and the remaining larger flat an income of £1,250 pcm.
Further information on these tenancies can be provided upon request. We have not inspected the residential parts. Floor plans available upon request.
Total current income - £58,000 per annum.
Location
The property is located on Green Lanes, a busy north London suburb that benefits from being nearby to the A406 and A10 link roads, providing good access in and out of London. The mainline station provides frequent service to London Kings Cross St Pancras.Terms
The property is held on a Freehold basis.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£900,000.00
| NA |
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