Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles east of Finchley
6 miles north-west of Stratford
7 miles north of Central London
Roads
A10, A406 (North Circular Road)
Rail
White Hart Lane Station (Direct to London Liverpool Street)
Air
London City, London Luton, London Stanstead
Situation
The property, which forms part of the Frontier Works Industrial Estate, is situated to the west of Queen Street. The property can be accessed from both the A406 North Circular Road via Bull Lane which leads into Queen Street and White Hart Lane to the south.
Tenure
Virtual Freehold. Held from Queen Street Management Ltd for a term of 999 years from 25/12/1982 at a peppercorn rent. Three shares in the management company will be transferred to the buyer on completion (please refer to Special Conditions of Sale).
Location
Miles
6 miles east of Finchley
6 miles north-west of Stratford
7 miles north of Central London
Roads
A10, A406 (North Circular Road)
Rail
White Hart Lane Station (Direct to London Liverpool Street)
Air
London City, London Luton, London Stanstead
Situation
The property, which forms part of the Frontier Works Industrial Estate, is situated to the west of Queen Street. The property can be accessed from both the A406 North Circular Road via Bull Lane which leads into Queen Street and White Hart Lane to the south.
Tenure
Virtual Freehold. Held from Queen Street Management Ltd for a term of 999 years from 25/12/1982 at a peppercorn rent. Three shares in the management company will be transferred to the buyer on completion (please refer to Special Conditions of Sale).
Description
The property comprises three adjacent and self-contained industrial units which form part of the Frontier Works Industrial Estate.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises three adjacent and self-contained industrial units which form part of the Frontier Works Industrial Estate.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews
4 5 6
Industrial Industrial Industrial
63.96 sq m 63.96 sq m 63.96 sq m
(688 sq ft) (688 sq ft) (688 sq ft)
LONDON BOROUGH OF HARINGEY (1)
125 years from 08/06/1983 until 07/06/2108 on a full repairing and insuring lease
£14,464 (2)
07/06/2018 and five yearly (3)
Totals
191.88 sq m
(2,064 sq ft)
£14,464
(1) The units have been sublet. (2)The entire Frontier Works Industrial Estate (Units 1-20) is held under the 999 year headlease. The buyer therefore receives 3/20th’s (£14,464 p.a.x) of the income from the estate. (3)The rent reviews are based on 75% of estimated rental value of the entire Frontier Works Industrial Estate (Units 1-20)
