December 2022: Wednesday 14 December 2022 - 9:00am
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    Key features

    • Investment let at 23,700 p.a.
    • Let on a 20 year lease from 24/03/2022 ( Reversion March 2042)
    • Located on a busy High Street
    • Located an approx. 0.3 miles from Finsbury Park Station
    • Upper floor flats sold off on a long lease

    Description

    The Property Comprises of semi detached building arranged over Ground and two upper floors. The upper flats are sold off on long lease.

    Nearby occupiers on the street include Sainsburys', Nandos as well as a wide range of boutique and independent retailers.


    Additional information

    Tenure

    Freehold - Upper flats sold off on a long leases

    First Floor - Flat A 999 years from 2020 - Ground rent £100 p.a.

    Second Floor - Flat B 999 years from 2020 - Ground rent £100 p.a.


    Accommodation

    Please note that the floor areas have been taken from the VOA and the property has not been inspected by Savills.


    Ground floor shop - Restaurant Area, Bar Area, Kitchen, W/C's


    An approx. 68.7 sqm (739 sq ft)


    Tenancy

    53 Stroud Green Road

    • Let to a private individual
    • On a 20 year lease from 24/03/2022
    • FR&I lease
    • 5 yearly rent reviews open market
    • Investment let at £23,500 p.a.

    Rent

    £23,700 p.a.

    Notes

    Joint Auctioneer


    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.


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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 occupies a prominent position on on the western side of Stroud Green Road. The parade is a popular and busy parade located in the Finsbury Park area The property is situated between the junctions of Lennox Road and Tollington Park.

      Finsbury Park Station - An approx. 0.3 miles from the property

      Crouch Hill Station - An approx. 0.4 miles from the property

      Transport

      Finsbury Park Station - Underground (Piccadilly and Victoria), National rail and Over ground Services

      Crouch Hill Station - Overground and National rail services.

      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