High Street, Hornsey N8

  Ref 025043    

High Street, Hornsey N8

Ref 025043

  • £300,000  

    For Sale

    £300,000  

    For Sale

    • Description

    Modern building arranged as 2 shops on the ground floor with 4 flats above over the 1st and 2nd floors. The flats are sold off on 125 year leases commencing in range from 2001-2004 with approximately 100 years remaining on average. The shops on the ground floor are let as per the tenancy schedule. There is a rent review outstanding on 13 High Street and a further rent review due on 11 High Street in May 2026.

    Gallery

    Areas

    11 High Street 381 sq ft (35.42 sq m) 13 High Street 489 sq ft (45.44 sq m)

    Tenancies

    11 HIGH STREET HORNSEY Let on a 10 year lease from 13.05.2021 at £12,750 pa with a rent review on 13.05.2026 to Abdullah Ahmed Yussuf. A rent deposit of £3,187.50 has been paid. 13 HIGH STREET HORNSEY Let on a 10 year lease from 24.01.2020 at £10,000 pa with an outstanding rent review from 24.01.2025 to Mehmet Koyun. A rent deposit of £2,500 has been paid. RESIDENTIAL Flats 1-4 are let as follows: Flat 1 let for a term of 125 years from 03.11.2003 at £10 pa ground rent Flat 2 let for a term of 125 years from 22.01.2001 at £10 pa ground rent Flat 3 let for a term of 125 years from 25.10.2004 at £10 pa ground rent Flat 4 let for a term of 125 years from 13.10.2014 at £10 pa ground rent TOTAL INCOME - £22,750 pa

    Terms

    Available freehold — offers invited in excess of £300,000

    Location

    Situated on the northern side of High Street, Hornsey N8 (A504), in between the junctions of Myddleton Road and Campsbourne Road in a mixed use area. Both Greig City Academy (formerly St Davids & Katherines school) and Priory Park are both situated close by. The nearest station is Hornsey overground station which is within walking distance and Turnpike Lane underground station which is approximately 1 mile east.

    Book a viewing

    For Sale

    £300,000