High Street, Hornsey N8

  Ref 025043    

High Street, Hornsey N8

Ref 025043

  • £300,000  

    Under Offer

    £300,000  

    Under Offer

    • 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.

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    Under Offer

    £300,000