For Sale or To Let
2 VIRTUAL FREEHOLD SHOPS WITH A3/A4 USE
Available with planning to convert part into 2 x 2 bed flats
London Road, Enfield EN2
(Reference No. 024252)
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.
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 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. There are 2 parking space to the rear, 1 per property. Our client would consider selling each shop individually but ideally together. Our clients would also consider letting the shops on new full repairing and insuring terms.
Each shop is let on a 999 year lease at £50 pa ground rent.
£600,000 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). NB The freeholders require a fee of £40,000 to vary the lease so the residential consent can be implemented. Our client would let the 2 shops either together or individually (preferably together) at £25,000 pa per shop.
|Subject to Contract
Tel: 020 8559 1122