Unit 31 Millmead Industrial Centre, Mill Mead Road, Tottenham, London, N17 9QU

Sold for £295,000

Thu Dec 12 2024

12:00pm

Property Description

Forming part of an established industrial estate and comprising a mid-terrace unit which benefits from parking/loading to the front and 3 phase power. Located north of the A503 Ferry Lane, about ½ mile from Tottenham Hale station and with good road links via the A10 and the A406 North Circular Road.

1,342 sq ft (124.7 sq m)

Let on a repairing and insuring lease to an individual for 5 years from 29.09.2024 at a rent of £20,000 p.a. rising to £25,000 p.a. on 29.09.2025. This is a renewal of a previous lease.

PRODUCING EQUIVALENT TO £25,000 p.a. (SEE NOTE 1)

1. The rent is due to increase to £25,000 p.a. on 29.09.2025 and the seller will top up this rent shortfall on completion.
2. We understand that the property is currently used for storage of car parts and car maintenance.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

* 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.