LOT 24 - London

45/47 High Road, Wood Green, London, N22 6BH

Freehold Shop and Residential Investment with Planning Permission for Development

Withdrawn

Gross Initial Yield 3.63%Commercial - 23rd March 2021
Key Features
  • Comprises a double fronted shop with ancillary accommodation and a maisonette above
  • Located in popular and densely populated North London suburb
  • Planning consent granted February 2021 for conversion to 6 residential units and subdivision of shop (1)
  • Occupiers close by include Greggs, Santander and Nationwide
  • Situated 200m from Turnpike Lane Underground Station
  • VAT is applicable
  • Six Week Completion Available

Total Current Rent Reserved
£81,600 p.a.
Tenure

Freehold


Location
  • Wood Green is a densely populated North London suburb located 8 miles north of Central London and is one of the major retail centres of North London
  • The High Road (A105) runs through the heart of Wood Green and provides links to the North Circular Road (A406) 1.25 miles to the north and Central London to the south
  • The area is well serviced by both Wood Green and Turnpike Lane Underground Stations (Piccadilly Line)
  • The property is situated on the west side of the busy High Road which is the main retail thoroughfare of Wood Green
  • Occupiers close by include Savers, Greggs, Santander, Paddy Power, Nationwide, Subway, Sainsbury's, Barclays Bank, Holland & Barrett, O2 and McDonalds amongst many others
  • The Mall Shopping Centre is 300m to the north of the property
Additional Information
  • The property comprises a double fronted shop unit to the ground floor with ancilliary accommodation to the upper parts on the right hand side.
  • There is a self-contained maisonette to the upper parts on the left hand side which is accessed from the rear and comprises 5 rooms, kitchen and bathroom
Planning
(1) The property benefits from planning consent granted on 16th February 2021 for 'subdivision of double shopfront to 2 x shopfronts with associated alterations; conversion of ground floor rear and upper floors to 6 x residential units; erection of two storey rear extension (following partial demolition of rear); 2 x rear dormer roof extensions; creation of first floor rear terrace; installation of rear / side windows; installation of 4 x front rooflights; and creation of storage areas to the rear'
The proposed plans will provide 4 x 2-bed flats, a 1-bed flat and a two-storey 1-bed maisonette to the rear with a total proposed residential floor area of 358.5 sq m (3,859 sq ft) and two shops
The planning reference number is HGY/2020/2233
Further information is available via Haringey Council (www.haringey.gov.uk/planning-and-building-control/planning) and planning documents are available within the online legal pack.
VAT

VAT is applicable to this lot.

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
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