Caledonian Road, Barnsbury

Commercial Property Under Offer

POA £2,500,000

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Description

LOCATION
Limited Company Sale

271 Caledonian Road, London N1 1EE
This is a mixed use building.
E Class Unit - 861 sq Ft, over the entire ground floor which is let at £20,500.00 PA on a Full Repairing and Insuring lease.
The first floor contains a 1 bed flat – 467 sq ft, currently let at £22,100.04 PA on an AST.
The second and third floors encompass a 3 bed flat – 1,096 sq ft, currently let at £42,000.00 PA on an AST.
The building was bought in about 1943 for about £6000.00, Freehold.

7 Old School Ln, Creswell, Worksop S80 4BY
A leasehold 3 bed flat - 1,087 sq ft.
Currently let on an AST at £6,600 PA
The leasehold flat was bought in 2010 for £105,000.00 with 99 year on the lease.

71 Muswell Hill Broadway, Muswell Hill N10 3HA
A mixed use building.
E Class unit over the ground – 1,229 sq ft and first floor - 520 sq ft which are let on a Full Repairing and Insuring Lease current rent is £50,400.00 PA
The top two floors are occupied by a 3 bedroom flat – 1,342 sq ft
Postal address 71 Athenaeum Place, London N10 3HL. Let on and AST at £20,748.00 PA
This freehold property was purchased in approximately 1982 for £100,000.00

118 Waterville Drive, Vange, Basildon SS16 4TY
Ground floor one bedroom leasehold flat - 1 bed flat, 473 sq ft.
Currently Let on AST at £7,320.00 PA
This leasehold flat was bought in 2013 for £85,500.00. In 2017 the lease was extended by 90 years which cost £3,250.00. The lease length at the time was 77 years.

Total income is £169,668.04

LEGAL COSTS
Each party to bear own legal costs.

Tenure: Freehold


Location


Floorplan

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EPC


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Drivers & Norris

407/409 Holloway Road, London, N7 6HP

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