Tottenham Lane Crouch End London
This property has been sold or let and is no longer available.
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About this property
First time on the market in nearly 50 years is this attractive retail investment let to the undoubted covenant of Shelter with 3 self-contained flats set over 3 upper floors. Ground floor of 915 sq.ft. approx. and basement 500 sq.ft. approx. let to Shelter for a term of 15 years from November 2012 at a current rent of £46,500 per annum. This letting is effectively a FRI basis with Shelter responsible for a 60% contribution to maintenance and insurance costs.
Shelter National Campaign for Homeless People Ltd (Charity No 253710) currently have almost 100 retail united in the UK with an income of £75.2m as of 31.3.22. Data sourced from Register of Charities Commission Government website.
The upper parts are decorated to a high standard throughout and consist of 3 x 1 bedroom self contained flats let by way of AST's at £1,350, £1,250 and £1,270 pcm. This gives a combined gross income of £92,940 per annum with scope to increase the residential rents.
Certificate of Lawfullness Existing Use: Approval Use of the upper floors as three self-contained flats.
Planning Application :-
HGY/2023/1085
Location
Set on Topsfield Parade in close proximity to the Clocktower. Crouch End is a leafy urban village, famed for its mix of local and national traders, Waitrose, Gail's and Tesco are all close by. Located in the heart of Crouch End is the exciting conversion of Hornsey Town Hall Grade II* into luxury apartments.
Business rates
Rateable value - £35,250 (as taken from Gov.uk)
This is not the amount you will pay. The rateable value is used to calculate your rates bill.
Council Tax
First Floor Flat - Band B
Second Floor Rooms - Band B
Third Floor Flat - Band B
Legal costs
Both side to bear their own legal fees
Tenure
Freehold - Title
EPC
Shop Energy Rating B - Valid Until 2033
Flats A - Energy Rating E
Flat B - Energy Rating D
Flat C - Energy Rating C - Valid until June 2033
Viewing
Via the owners sole agents Paul Simon Seaton Commercial 020 8800 4321
VAT
We have been advised by our client that this property is not elected for VAT
