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    Key features

    • To be offered on Tuesday 24 September
    • Substantial freehold four floor mixed use investment
    • Ground floor retail let to Ladbrokes
    • Offices and four residential units over the upper floors
    • Part vacant investment currently producing £65,400 per annum
    • Three residential units vacant
    • East Finchley Station is less than half a mile distant
    • By order of the Court Appointed Receiver Savvas Socratous C/o Alexander Lawson Surveyors

    Description

    A four floor terraced building comprising a double retail unit arranged over ground and basement floors let to Ladbrokes. There is a basement which is accessed through a hatch within the ground floor sales area, this has not been inspected.

    The first floor is part-divided with an office unit to the front of the building which comprises mostly of open plan office accommodation, a kitchenette area and WC.

    The remainder of the building is residential, which is currently split into four separate units, we understand known as 99a Front, 99a Rear, 99b and 101a. Access to the residential accommodation is found directly off High Road and is separate to the retail entrance.

    Additional information

    Tenure

    Freehold

    Notes

    *Unit 101a is understood to be let on an AST. we understand no rent has been received since June 2021 (£43,200 in arrears) the occupier claims the AST was never signed but the trial judge found otherwise in her judgment. Interested parties should refer to the legal pack for further information.


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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.

      Accommodation / Tenancy Schedule

      Local information

      Situated to the west side of High Road, close to the junction with Leicester Road.

      A busy and thriving retail location within an affluent residential area. Oher nearby multiple occupiers include Sainsburys, Iceland and Cafe Nero, together with a broad mix of local restaurants and shops.


      Transport

      East Finchley Station - Underground, Northern Line

      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