2 Seven Sisters Road London N7 6AH

2 Seven Sisters Road
London
N7 6AH

Freehold Retail Investment

Prominently located at junction of Seven Sisters Road and Holloway Road
Entirely let to Photo7digital Limited
Recently renewed 10 year lease from May 2021 (no breaks)
Tenant in occupation for over 18 years
Close to Lidl, Waitrose, Iceland & McDonald's
Popular and busy North London Location
VAT-free London Investment

Lot
12
Auction
16th June 2021
Rent
£28,000 per Annum Exclusive
Status
Sold
Price
£530,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Prominently located at junction of Seven Sisters Road and Holloway Road
Entirely let to Photo7digital Limited
Recently renewed 10 year lease from May 2021 (no breaks)
Tenant in occupation for over 18 years
Close to Lidl, Waitrose, Iceland & McDonald's
Popular and busy North London Location
VAT-free London Investment

Lot 12
Auction 16th June 2021
Rent £28,000 per Annum Exclusive
Status Sold
Price £530,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 4 miles north of Central London
Roads: A1 (Holloway Road)
Rail: Holloway Road Underground (Piccadilly Line)
Air: London City

Situation

Seven Sisters Road is a busy main arterial route in North London that runs between the A1 (Holloway Road) and A10 (Stamford Hill). The property is situated in a prominent position on the south side of Seven Sisters Road, very close to its junction with Holloway Road, and less than half a mile from Holloway Road Underground Station (Piccadilly Line). Nearby retailers include Lidl, Waitrose, McDonald's, Iceland, Holland & Barrett, KFC, Superdrug and the Nag's Head Market, as well as numerous independent shops, cafe's and restaurants.

Tenure

Freehold.

Location

Miles: 4 miles north of Central London
Roads: A1 (Holloway Road)
Rail: Holloway Road Underground (Piccadilly Line)
Air: London City

Situation

Tenure

Freehold.

Description

The property comprises a three storey building, arranged as a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

C. See legal pack at www.acuitus.co.uk.

Description

The property comprises a three storey building, arranged as a ground floor shop with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First Second	Retail Ancillary Restricted Access	38.60 sq m 13.50 sq m -	(415 sq ft) (145 sq ft) (-)	PHOTO7DIGITAL LIMITED t/a Photo 7 Studio	10 years from 18/5/2021 until 17/05/2031 on a full repairing and insuring lease	£28,000 (1)	18/05/2026
Total		52.10 sq m	(560 sq ft)			£28,000

(1) Under the terms of the lease, the tenant has a rent free period until 28/09/2021. The tenant will then pay half rent from 29/09/2021 until 24/12/2021, after which the tenant will pay the full rent of £28,000 pa. The Vendor has agreed to adjust the completion monies so that the property effectively produces £28,000 pa from completion of the sale until the end of the concessionary rental period
- please see Special Conditions of Sale.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.