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    Key features

    • To be offered on Wednesday 22 April
    • The vendor is open to selling the property prior to auction (subject to the offers received)
    • Freehold investment opportunity with historic planning consent
    • Fronts busy main road with high footfall
    • Six self-contained studio flats to the upper parts let to one tenant
    • Asset management potential to improve the rent on the flats through direct marketing
    • Asset management potential to let out the vacant commercial unit
    • Gross internal area approx. 3,153 sq. ft.
    • Well located for Bruce Grove Station
    • Lapsed planning permission to develop 2 x two bedroom houses and 2 x maisonettes
    • Investment let at £42,000 p.a. part vacant

    Description

    End of terrace period property, with exposed brickwork to the upper parts. The ground floor is vacant The upper parts have recently been refurbished to provide six self-contained studios.

    The property is Grade II listed.

    Additional information

    Tenure

    Freehold.

    Accommodation

    We have been advised that the property has the following approximate gross internal areas. The property has not been inspected by Savills


    Lower Ground Floor 103.52 sq m (1,103 sq ft)

    Ground Floor 85.10 sq m (916 sq ft)

    First Floor 56.39 sq m (607 sq ft)

    Second Floor 48.96 sq m (527 sq ft)


    Total 292.95 sq m (3,153 sq ft)


    According to our Online Mapping system, the building footprint and total site area measurements are as follows:

    Building footprint 143 sq m (1,545 sq ft)

    Total site area 295 sq m (3,175 sq ft)


    Tenancy

    1 Bruce Grove (commercial unit)

    • Vacant


    1 Bruce Grove (Upper floors)

    • The six studio flats to the upper parts are let at £42,000 p.a.


    Total £42,000 per annum

    Planning

    London Borough of Haringey

    Planning ref: HGY/2016/0172

    Description: Listed Building Consent for Conversion of existing Grade 2 listed building from office (B1) to C3 to accommodate 2 x maisonettes. Demolition of 1920s ground floor shop front extension and restoration of historic 19th century facade. Erection of 2 x 2 bedroom houses to rear on former garage court with associated parking provision amenity and refuse storage

    Dates: Granted on 29th June 2016 (Now lapsed)


    Rent

    £42,000 p.a.

    Notes

    Joint Auctioneers:

    Panayiotis Themistocli

    panayiotis.themistocli@agg.uk.com

    M: 07973 856 232


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

    Please note a number of the photos are historic photos, incoming purchasers should do their own due diligence

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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

      The property lies within an area administered by the London Borough of Harringay and fronts Bruce Grove (A10) near its junction with Tottenham High Road (A1010). It is surrounded by a mixture of both commercial and residential properties.

      Bruce Grove Railway Station lies circa 50 metres to the south which provides access to the London Overground Line with the fastest journey time into London Liverpool Street being around 22 minutes.

      Transport

      Overground - Bruce Grove

      Underground - Tottenham Hale (Victoria)

      National Rail - Tottenham Hale (Stansted Express & Greater Anglia)

      Legal documents

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      EPC rating

      The EPC rating for this property is B

      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