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117-119 Bounds Green Road, London, N11 2PP
For Sale £450,000

Overview

The subject property comprises two shops and upper parts, four storey with rear yard approx. 906 sq.ft. The uppers are 2 flats sold off on long leases:- 117a - 125 years from 2002 119a & b - 189 years from 1987, both at a peppercorn ground rent. The retail unit is occupied by Ladbrokes by way of a lease dated 1st July 2014 for a term of 15 years. There is a tenant only break clause on 24th June 2024 with 6 month's prior notice, the passing rent is £27,550 per annum. The unit is approximately 906 sq.ft.


Address
117-119 Bounds Green Road, London, N11 2PP

Location
The property is well located being close to local amenities and within a stones throw of both Bounds Green Station (Piccadilly Line, Zone 3) and Bowes Park Overground (Moorgate branch). There are also great road and bus links too.

Price
For Sale £450,000


Tenure
Freehold by way of two Titles

Business Rates


Legal Cost
Ingoing tenant to bear both sides reasonable related legal costs.

EPC
Energy Rating D

Vat
Under the Finance Acts 1989 and 1997 VAT may be levied on the purchase price. We recommend that the prospective buyers establish the VAT implications before entering into any agreement.

Viewing
Via the owners agents PSS Commercial.

117-119 Bounds Green Road, Bounds Green, London