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Sold
Lot 49 - FREEHOLD COMMERCIAL INVESTMENT - ENTIRE PROPERTY LET AT £35,000 P.A.

38 High Road, East Finchley, London, N2 9PJ

Sold prior to auction, for an undisclosed amount
Thu Dec 12 2024
12:00pm
BY ORDER OF TRUSTEES

Property Description

Comprising a ground floor shop (including a rear office also reached via a service road) and separate front access to a self-contained maisonette on two upper floors. Occupying a prominent trading position within this affluent area, amongst a number of multiple retailers including Subway, Costa, Budgens, Betfred and close to the Phoenix Cinema. East Finchley underground station (Northern line) is just over the road.

Ground Floor: 976 sq ft (90.7 sq m)
First & Second Floor Maisonette: 3 bedrooms, living room, kitchen/diner, bathroom/toilet

The entire property is let on a repairing and insuring lease to L L Doukaki (trading as Everything Electrical) for 15 years from 25.03.2013 at £35,000 p.a.

PRODUCING £35,000 p.a.

Shop = B / Maisonette = C

1. We understand that the tenant sub-lets the maisonette and that an HMO Licence has been granted.
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.

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