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    Key features

    • To be offered on Wednesday 14 May
    • Prominent Freehold Shop and Residential Investment
    • Arranged as a ground floor patisserie and cafe with a self-contained 3 bedroom maisonette above
    • Let on an overriding lease expiring 2031
    • Crouch End is an affluent North London suburb
    • Property has been in the same ownership since 1965
    • Well located in the heart of Crouch End opposite the Clock Tower
    • VAT is not applicable
    • 6 Week Completion Available
    • Investment let at £49,500 p.a. (6.82% GIY on Guide Price)

    Description

    The property is arranged on ground and 2 upper floors to provide for a ground floor patisserie and cafe with a self-contained 3 bedroom maisonette above.

    The front of the shop is arranged as a patisserie with cafe seating (32 covers) to the rear.

    The maisonette is accessed from The Broadway

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 89.2 sq m (960 sq ft)

    First Floor - 2 Rooms, Kitchen and Bathroom

    Second Floor - 2 Rooms Maisonette total - 83 sq m (893 sq ft)


    Total - 172.2 sq m (1,853 sq ft)

    Tenancy

    Let to M Ladjessa Esq on a full repairing and insuring(FRI) lease for a term of 20 years from June 2011 at £49,500 per annum.


    The lease provides for 5 yearly rent reviews


    Rent

    £49,500

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Crouch End is an affluent north London suburb approximately 5.5 miles from the City of London

      The property is situated in the heart of Crouch End opposite the Clock Tower, on the north side of Crouch End Broadway and close to its junction with Crouch Hall Road

      Occupiers close by include Waitrose, Ladbrokes, EE, Gail's, Hamptons Estate Agents amongst many others

      Transport

      Road - The area is served by Park Road (A1201), Tottenham Lane (A103) with the A1 and A406 road within a short distance

      Tube - Highgate Underground Station (Northern Line) is around 1.5km to the west, whilst Finsbury Park Underground (Victoria & Piccadilly Lines) is a little over 2km south

      Train -Crouch Hill Overground station is 1km to the south & Hornsey Rail Station is 1km to the north east


      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums