*Busy parade *Lordship Lane *Freehold Investment *Rear Garden *Workshop*Income producing
The premises is located on Lordship Lane which is the main thoroughfare linking Tottenham and Woodgreen. The area has a strong commercial presence with shops rarely becoming available. The area is well served by public transport, with Woddgreen Underground station within walking distance.
The premises comprises of a 1x Bedroom Flat currently producing £1,150 pcm and the ground floor lock up shop with a lovely rear garden and a small workshop in the rear are currently producing £17,000 PAX.
The premises is fit out to a high standard, with lovely flooring, glass frontage, small office, kitchenette and a WC, all refurbished within the last few years. The ground floor premises further benefits good ceiling height and ample natural light.
1x Bedroom flat: 726 sqft
Ground floor shop: 764 sqft
Garden: 915 sqft
Glass frontage, Kitchenette, WC and garden.
Term - 10 year FRI lease (granted inside the Landlord and Tenant Act 1954)
Break Clause - 3rd year (Tenant only, Should the tenant decide to exercise the break option at the end of the 3rd year a penalty equivalent to 3 months rent will be payable to the landlord.)
Rent Review - 5th year upward only linked to open market.
Prospective parties are advised to make their own enquiries with the Local Authority.
Both parties’ legal costs are to be paid by the ingoing parties.
Strictly by appointment through the Landlord's agent Drivers & Norris.