Property photos
Just added
Guide price
£1,400,000
Restaurant for sale
Great Cambridge Road, Enfield EN1Local area information
Property location
Nearby amenities
- Carterhatch Infant School 0.2 miles
- Carterhatch Junior School 0.2 miles
- Southbury 0.7 miles
- Enfield Town 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Enfield to find out more about the local area.
Features and description
- Prime location
- 2 lock - up shops
- 3 studios above each shop - 6 studios in total
- Close to local amenties
Summary
For sale via secure sale online bidding - terms and conditions apply.
A solid investment, especially with the steady income from the housing benefit tenants. The asking price appears reasonable given the total rent being achieved. The slight modernisation needed could offer an opportunity to add value and improve the property's overall appeal.
The rents are 1,100 per month per flat, and the shops earn 16,500 per annum each, giving a total annual income of 112,200.
Get in touch today to secure your viewing
Please note we have not inspected this property.
Location
Situated in Great Cambridge Road, Enfield, middlesex. The properties are located near A10 Great Cambridge Road (prime location)
Accommodation
2 lock-up shops (pizza and kebab)
Rent for Shops: 16.5k per annum each
Rents Achieved for Shops: 33k per annum
3 studios above each shop - 6 studios in total
Tenure
Leasehold starting on 25 July 2021 and ending on 24 July 2036 . Title number AGL542767
Freehold. Title number AGL130002
Long leasehold of 125 years from 25 December 2022 - Title number AGL596010
Freehold. Title number AGL149878
Rateable Value
793 - 10,750
795 - 12,500
Sourced from voa
Council Tax
Bands A & B
EPC
Available upon request
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
A solid investment, especially with the steady income from the housing benefit tenants. The asking price appears reasonable given the total rent being achieved. The slight modernisation needed could offer an opportunity to add value and improve the property's overall appeal.
The rents are 1,100 per month per flat, and the shops earn 16,500 per annum each, giving a total annual income of 112,200.
Get in touch today to secure your viewing
Please note we have not inspected this property.
Location
Situated in Great Cambridge Road, Enfield, middlesex. The properties are located near A10 Great Cambridge Road (prime location)
Accommodation
2 lock-up shops (pizza and kebab)
Rent for Shops: 16.5k per annum each
Rents Achieved for Shops: 33k per annum
3 studios above each shop - 6 studios in total
Tenure
Leasehold starting on 25 July 2021 and ending on 24 July 2036 . Title number AGL542767
Freehold. Title number AGL130002
Long leasehold of 125 years from 25 December 2022 - Title number AGL596010
Freehold. Title number AGL149878
Rateable Value
793 - 10,750
795 - 12,500
Sourced from voa
Council Tax
Bands A & B
EPC
Available upon request
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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