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Lot 23 Sold: £143,000

Auction: Wednesday 17th July 2019

21 Crouch Hill, Stroud Green, London N4 4AB

  • Photo1
  • Photo2

Lot 23

6 Week Completion

Situation

Located in this established parade close to the junction with Stroud Green Road, nearby William Hill and a host of local traders and being just a minute's walk from Crouch Hill Overground Station and within close proximity to Finsbury Park.

Property

Forming part of a mid-terraced building comprising a Ground Floor Coffee Shop.

Accommodation

Ground Floor Coffee Shop
Internal Width 11'5"
widening to 11'11"
Shop Depth 29'10"
WC

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 8th November 2011 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to T. Melengu & O.Sandu as a Coffee Shop for a term of 15 years from 9th March 2015 at a current rent of £10,000 per annum exclusive.

Rent Reviews September 2019 and 3 yearly

Note: There is a £5,000 Rent Deposit held.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.