Land for sale

High Street, Hornsey N8

High Street, Hornsey N8

Freehold Income Producing Investment - For Sale - Comprising modern building arranged as 2 shops on the ground floor with 4 flats above over the 1st and 2nd floors. The flats are sold off on 125 year leases commencing in range from 2001-2004 with approximately 100 years remaining on average. The shops on the ground floor are let as per the tenancy schedule. There is a rent review outstanding on 13 High Street and a further rent review due on 11 High Street in May 2026.

Areas:

11 High Street 381 sq ft (35.42 sq m)

13 High Street 489 sq ft (45.44 sq m)

Tenancies:

11 high street hornsey

Let on a 10 year lease from 13.05.2021 at £12,750 pa with a rent review on 13.05.2026 to Abdullah Ahmed Yussuf. A rent deposit of £3,187.50 has been paid.

13 high street hornsey

Let on a 10 year lease from 24.01.2020 at £10,000 pa with an outstanding rent review from 24.01.2025 to Mehmet Koyun. A rent deposit of £2,500 has been paid.
Residential


Flats 1-4 are let as follows:

Flat 1 let for a term of 125 years from 03.11.2003 at £10 pa ground rent

Flat 2 let for a term of 125 years from 22.01.2001 at £10 pa ground rent

Flat 3 let for a term of 125 years from 25.10.2004 at £10 pa ground rent

Flat 4 let for a term of 125 years from 13.10.2014 at £10 pa ground rent

Total income - £22,750 pa

Terms: Available freehold - offers invited in excess of £300,000