£500,000

Retail premises for sale

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Under offer
Freehold

Offers over

£500,000

(£167.22/sq. ft)

Retail premises for sale

Lordship Lane, London N22

2,990 sq. ft

Local area information

Property location

Nearby amenities

  • Lordship Lane Primary School 0.1 miles
  • Belmont Infant School 0.4 miles
  • Turnpike Lane 0.7 miles
  • Wood Green 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Noel Park, West Green and Turnpike Lane to find out more about the local area.

Features and description

  • Freehold
  • Shop with upper part for sale 585 sq ft
*Busy parade *Lordship Lane *Freehold Investment *Rear Garden *Workshop*Income producing

Location
The premises is located on Lordship Lane which is the main thoroughfare linking Tottenham and Woodgreen. The area has a strong commercial presence with shops rarely becoming available. The area is well served by public transport, with Woddgreen Underground station within walking distance.

Description
The premises comprises of a 1x Bedroom Flat currently producing £1,150 pcm and the ground floor lock up shop with a lovely rear garden and a small workshop in the rear are currently producing £20,000 pax, (post Oct 2023 rent review).
The premises is fit out to a high standard, with lovely flooring, glass frontage, small office, kitchenette and a WC, all refurbished within the last few years. The ground floor premises further benefits good ceiling height and ample natural light.

Accommodation
1x Bedroom flat: 726 sqft
Ground floor shop: 764 sqft
Garden: 915 sqft

amenities
Glass frontage, Kitchenette, WC and garden.

Terms
Shop Terms:
Term - 10 year Fri lease (granted inside the Landlord and Tenant Act 1954)
Break Clause - 3rd year (Tenant only, Should the tenant decide to exercise the break option at the end of the 3rd year a penalty equivalent to 3 months rent will be payable to the landlord.)
Rent Review - 5th year upward only linked to open market.

Outgoings
Prospective parties are advised to make their own enquiries with the Local Authority.

Legal costs
Both parties’ legal costs are to be paid by the ingoing parties.

Viewing
Strictly by appointment through the Landlord's agent Drivers & Norris.

Floor plans and tours

Floor plans (2)

Floor plan 1
Floor plan 2

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Drivers & Norris. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Drivers & Norris for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. London
  4. North London
  5. Noel Park
  6. Lordship Lane