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Lot 34 - 93 Bowes Road, PALMERS GREEN, N13 4RU

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FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT

Guide price: £310,000 - £320,000 *

Auction Date

Tuesday, 11th July 2017 11:00am

Location & Description

A terraced property comprising a shop with separate front and rear access to a rear ground floor flat and a first floor flat (sold off).
Forming part of a local parade (where a substantial development is currently being constructed opposite) on the south side of Bowes Road (A406 North Circular Road) and near to the junction with Moffat Road. Bowes Park mainline station, Bounds Green underground station (Piccadilly line) and Broomfield Park are all about ½ mile away.

Accommodation

Ground Floor Shop: 205 sq ft (19 sq m) including shower room/WC
Let on a repairing and insuring lease to BS Cotton UK Ltd (with guarantor) for 6 years from 20.03.2017 at £7,500 p.a. Rent review 2020. Six month rent deposit held.
Rear Ground Floor Flat:
1 bedroom, living room/kitchen, shower room/WC
Let on an AST at £1,000 pcm.
First Floor Flat (93a):
Sold on 999 year lease from 25.12.1996 at a fixed ground rent of £100 p.a.

EQUIVALENT TO £19,600 p.a.

EPC Rating

Shop: F, Flat: C

Result

Unsold. Please refer to Auctioneer

Joint Agent

 Harris & Company Tel: 020 8969 1333 Ref: Arjun Popat

Addendum

Rear Ground Floor Flat: Term is 12 months from 28.12.2016. Tenant's break at any time after 6 months on one months notice. Shop: 3 month rent deposit held, not as printed. Rear Ground Floor Flat: A new AST has been agreed for 12 months from 03.07.2017 at £1,000 pcm. Tenant's break at any time after 6 months on one 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.

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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.