121 High Road Wood Green London N22 6BB

121 High Road
Wood Green
London
N22 6BB

Freehold Retail and Residential Investment with Development Potential (STC)

Entire property let with important reversion in 2021
Two bedroom maisonette located on upper floors
Scope for further residential development at rear extension and into roof (subject to consents)
Located adjacent to Wood Green Shopping City in principal retailing pitch
Popular and busy North London suburb

Lot
9
Auction
24th October 2019
Rent
£55,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
Octopus Bridging Loan
To be confirmed

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Freehold Retail and Residential Investment with Development Potential (STC)

Entire property let with important reversion in 2021
Two bedroom maisonette located on upper floors
Scope for further residential development at rear extension and into roof (subject to consents)
Located adjacent to Wood Green Shopping City in principal retailing pitch
Popular and busy North London suburb

Lot 9
Auction 24th October 2019
Rent £55,000 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 6.8 miles north of Charing Cross
Roads: A105, A504, A10, A406 North Circular Road
Rail: Wood Green Underground, Turnpike Lane Underground (Piccadilly Line)
Air: London City Airport

Situation

Wood Green is a busy North London suburb located some 6 miles north of central London. The property is situated in a prominent location on the west side of the busy High Road (A105), the principal retailing pitch, less than 100 metres from The Mall Shopping Centre which houses a 12-screen cinema and over 100 retailers including Boots, H&M, Schuh, Costa and Primark.

Tenure

Freehold.

Location

Miles: 6.8 miles north of Charing Cross
Roads: A105, A504, A10, A406 North Circular Road
Rail: Wood Green Underground, Turnpike Lane Underground (Piccadilly Line)
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation. The first and second floors comprise a residential maisonette which currently provides three rooms, two bathrooms and a kitchen, with scope for extending this further at the rear extension and into the roof (subject to consents). The residential accommodation is currently self contained and is accessed from the rear.

VAT

VAT is not applicable to this lot.

EPC

Description

VAT

VAT is not applicable to this lot.

EPC

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground Basement First Second	Retail Ancillary Residential Residential	96.50 sq m 36.40 sq m 39.02 sq m 25.55 sq m	(1,038 sq ft) (391 sq ft) (420 sq ft) (275 sq ft)	ARK EUROPE LIMITED (1)	15 years from 10/07/2006 on a full repairing and insuring lease	£55,000 (2)	10/07/2016 (09/072021)
Total		197.47 sq m	(2,124 sq ft)			£55,000