London Road, Enfield EN2

  Ref 024252    

London Road, Enfield EN2

Ref 024252

  • £600,000  

    For Sale

    £600,000  

    For Sale

  • Description

    Two adjoining and inter-communicating shops with A3/A4 use (can also be used for A1/A2) which was previously used as a restaurant and suitable for various uses, subject to the necessary consents. The premises also have planning approval to reduce the depths of the shops by approximately 50% and convert the rear half to 2 x 2 bedroom, 1 bathroom duplex flats, which was granted on 29th May 2019 under planning reference 19/01471/PIA. The premises have 2 parking space to the rear, 1 per property. Our client would consider selling each shop individually but ideally together. The parking to the rear is accessed via an undercroft archway leading from adjacent premises from London Road. Our clients would also consider letting the shops on new full repairing and insuring terms.

    Gallery

    Areas

    Approximately 19.3 m deep x 5.88 m wide
    Ceiling height excluding beam 3.97 m
    Approximately 2442 sq ft (226.96 sq m)

    Tenure

    Each shop is held on a 999 year lease at £50 pa ground rent.

    Terms

    Offers in excess of £600,000 is sought for the two long leasehold shops with vacant possession with the benefit of planning approval to convert the rear sections into 2 x 2 bedroom flats. (The shops are available individually at £325,000 each).
    *Please note that the freeholders require a fee of £40,000 (negotiable) to vary the lease so the residential consent can be implemented. There will be no additional Section 106 costs, as any development will fall under “Permitted Development”.

    Our client would let the two shops either together or individually (preferably together) at £25,000 pa per shop.

    Location

    Situated in London Road, (A105) Enfield opposite Essex Road and just outside the main Town Centre of Enfield. London Road meets with the A110 Genotin Road at one end and Park Avenue and Bush Hill at the other. The nearest station is Enfield Town network rail station.

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    For Sale

    £600,000