LOT 1 · COMMERCIAL PROPERTY
500-508 High Road
London, N17 9JF
Property description
The property comprises a terrace of three shops with ancillary accommodation to the upper floors within two adjoining three storey mid terrace buildings. The first and second floors benefit from their own separate rear access.
Location
The property is situated on a primary shopping parade in the North London area of Tottenham. Transport links are provided by Bruce Grove rail station together with local bus services serving the surrounding vicinity. The property serves a mixed catchment area of both residential and commercial properties with further trade being gained by pedestrian and vehicular traffic
Tenure
Leasehold
The property is held on the following leases:
From 25th March 1971 to 25th December 2156
From 25th March 1971 to 24th March 2032
The Current Rent is £190,000 Per Annum
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 43.5%
- Net yield
- 43.5%
- Annual income
- £370,092
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
Additional Fees & Important Information — Swift Property Auctions
Buyer's Premium & Disbursements
Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
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Administration Fee
A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
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Reliance on Guide Prices
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Fees, VAT & Additional Charges
Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
Accuracy & Property Condition
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Withdrawn or Pre-Sold Lots
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