500-508 High Road, Tottenham, London, N17 9JF

500-508 High RoadTottenham, London, N17 9JF£450,000+Guide Price (plus fees)AllA Parade of Two Buildings Comprising of Three Retail Units and a Function Suite Let to McDonalds, Savers and Others Producing a Gross Combined Rent of £374,755 (Rising to £387,755 in 2027 and £402,755 in 2030) and a Net Combined Rent of £184,755 (Rising to £197,755 in 2027 and £212,755 in 2030).DescriptionThe property comprises a parade of two buildings arranged to provide three retail units and a function suite across ground, first and second floors.TenureLeasehold. Part of the property is held on a 185 year lease from 25th March 1971 (this approximately 130 years unexpired). The other part expires in 2032 (thus approximately 6 years unexpired) at a current rent of £190,000 per annum.LocationThe property is situated on a popular commercial road close to local shops and amenities. Nearby multiples include Specsavers, Ladbrokes and Poundland. The open spaces of Down Lane Park are within easy reach. Transport links are provided by Tottenham Hale underground (Victoria line) and rail stations.VATVAT is applicableAccommodation & Tenancy Schedule Property Floor Accommodation Lessee Lease Term Current Annual Rent Notes 500 High Road Ground & First Retail Area & Ancillary Space Individual T/A First Tech Solutions 15 years from 29th September 2010 £20,000 Lease renewal outstanding 502-504 High Road Ground Reta…

From the Auction House London listing. Read the full listing and legal pack →