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    Key features

    • To be offered on Tuesday 23 July
    • High Yielding Retail Investment
    • Let to RSPCA - In Occupation for 15+ Years
    • Lease Expires 23/12/2032
    • Producing £37,000 per annum
    • High Footfall Location
    • 1,420 sq ft (131.92 sq m)
    • Guide Price Reflects 10% Gross Yield
    • Guide Price Reflects a Low £260 per sq ft
    • VAT-Free Investment

    Description

    The property comprises a high yielding retail investment let to the RSPCA and situated in the heart of Finsbury Park.

    Arranged across ground, first and second floors the ground floor is let to the RSPCA on a lease expiring 23/12/2032 and paying £37,000 per annum. We understand that this is a renewal of a previous lease with the tenant being in occupation for at least 15 years.

    The upper parts comprise two flats which are to be sold off on a long leasehold basis. Details for the sales of these flats can be found below:

    The property occupies a prominent pitch forming part of a high footfall parade fronting Blackstock Road and being approximately 100m from Finsbury Park Station.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to RSPCA Central London Branch, a registered charity (ref: 248489) for a term of 10 years expiring 23/12/2032 and paying £31,750 per annum. The lease includes annual fixed uplifts up to £37,000 in 2026, the Vendor will "top up" the rent to this level upon completion.


    The lease is on full repairing and insuring terms and includes a tenant break option in 2027.

    Rent

    £37,000 per annum
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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.

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      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 is located near to the junction of Blackstock Road and Seven Sisters Road.

      Shopping amenities are available nearby in the centre of Finsbury Park. Recreational amenities of Finsbury Park and Clissold Park.

      Transport
      • National Rail - Finsbury Park
      • Underground - Finsbury Park

      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