December 2021: Wednesday 15th December 2021

272-280 New N Rd, London N1 8SY, UK

December 2021: Wednesday 15th December 2021

272-280 New N Rd, London N1 8SY, UK

Description

Key features

  • Ground rent investment with a current rent of £12,000 per annum
  • Additional income from a cash point machine and bin license to Tesco
  • Freeholder insure and manages the block at £7500 commission per annum
  • £40,000 in service charge fund
  • Potential for two more floors (subject to consent)
  • Managing Agents HML Group (RICS registered)

Additional information

Tenure

Freehold

Accommodation

A purpose built block of 14 self contained flats and commercial unit

Tenancy

Flats 1, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and the commercial unit are let to Tesco – Leasehold 999 years from 25 March 2003.

Flats 2 & 3 are 125 years from 2003

Ground rent £4,500 per annum.

Cash Machine License to Tesco £5,000 per annum

Bin Store License to Tesco £2,500 per annum

Freeholder Insures and manages the block currently worth £7,500 commission

Rent

Total current rent £12,000 per annum

Address


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  • Address 272-280 New N Rd, London N1 8SY, UK
  • City London
  • Zip/Postal Code N1 8SY

Details

Updated on November 27, 2021 at 7:32 am
  • Price: £150,000
  • Property Status: Residential Auctions

Overview

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