Freehold Shop and Office Investment Opportunity in Wood Green High Road

Freehold Shop and Office Investment Wood Green High Road N22

Income generating investment with redevelopment potential of upper parts (subject to obtaining all the necessary consents).

Location:
The property is situated in a densely populated area in North London suburb, between Turnpike Lane and Wood Green underground stations, The area is well serviced and one of the major retail centres of North London, The Wood Green Mall is just 4 minutes away from the property.

Overview:
The Building comprises over ground floor commercial and three upper floors, The upper floors may lend themselves to a variety of alternative uses and redevelopment. Ground floor commercial is running as Textile Reuse and International Development & Upper three floors are running as a Law Firm (J.A.Luqmani).

Size:
Ground Floor commercial – 2204 sqft
First Floor – 1,010 sq ft
Second Floor – 866 sq ft
Third Floor – 635 sq ft

Total 437.99 sq m , 4,714 sq ft

Rent:
Ground floor rent is £75,000 Per Annum & Above upper floors generates £42,000 Per Annum (Total £117,000 Per Annum)

Ground floor commercial Lease: 10 Years from 1st March 2022 (Inside the Act) With Rent Review in 5 year (Next rent review 2027)

Upper Floors Lease: For a term of years from April 2022 will end in Sept 2028 (Outside the Act)

EPC: Available on request

VAT: TBC

AML:
In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification checks. The required documents will be confirmed and requested at the relevant time.

Legal cost’s:
Each party to be responsible for payment of their own cost

Planning:
The upper floors may lend itself to a variety of alternative uses and redevelopment, subject to obtaining all the necessary consents. All enquiries should be made with the local authority: London Borough of Haringey (https://www.haringey.gov.uk/)

Tenure: Freehold

Price: Price on application, subject to contract