November 2020: Tuesday 03 November 2020 - 9:00am
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    Key features

    • By order of a charity
    • A commercial building arranged as two self contained units along with a separate yard
    • The buildings are 9,055 sq ft whilst the yard is 0.26 acres
    • Part Vacant Investment at £86,000 per annum

    Description

    The premises comprise a modern detached 2 storey commercial building constructed in the mid 1980’s with glazed and profiled steel sheet elevations.

    The building is v-shaped with an interconnecting first floor section and is currently divided vertically to provide 2 self-contained buildings.

    The offices are mainly arranged at first floor and are each approached via 2 independent ground floor reception areas, which also contain toilet and shower facilities. The ground floor areas have a head room of 3.47m previously used for storage and light industrial purposes, access to which is gained via 2 large roller shutter doors accessed from a private courtyard.

    Close by but not contiguous with the building is a site of 0.26 acres which is let to Roofoods Ltd trading as Deliveroo SP Ltd who have created a number of commercial kitchen pods.

    Additional information

    Tenure

    Freehold

    Accommodation

    Floor Area

    20 Cranford Way is 3,678 sq ft 

    21 Cranford Way is 5,378 q ft.

    Yard 0.26 acres

    Tenancy

    20 Cranford Way will be offered with vacant possession.

    21 Cranford Way is let to Boxing Fitness Club Ltd under a lease dated 6 December 2018 outside the Landlord & Tenant Act for a term expiring 25 September 2022 at a rent of £36,000 per annum

    The yard is let to Roofoods Ltd (trading as Deliveroo SP Ltd) under a lease dated 25 September 2017 expiring 24 September 2022 outside the Landlord & Tenant Act at a rent of £50,000 per annum

    Total Current Rent £86,000

    Rent

    Total Current Rent £86,000

    Notes

    Joint Agent: Cliff Bonnett, Enfield Office – North London & Hertfordshire

    www.sbhpageread.co.uk

    E: cliff@sbhpageread.co.uk

    DD: 020 8362 3264T

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

      Local information

      Cranford Way Industrial Estate is situated off Tottenham Lane (A103), 7 miles north of Central London and under 2 miles from both North Circular Road (A406) to the north and Tottenham High Road (A10) to the east.

      Hornsey Station is close by which provides regular services into Central London and links with the underground and overground rail system

      Both sites are accessed via a private estate road from Tottenham Lane.

      Transport

      Finsbury Park (Underground, Piccadilly Line & Victoria Line)

      Hornsey (Great Northern)

      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