Retail premises for sale in Goodchild Road, London N4

Fixed price £250,000 (£467.29/sq. ft)
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Retail premises for sale 535 sq. ft*

Property features

  • Comprises ground floor retail unit part of a residential complex build in 2011
  • Rent review linked to rpi in December 2026
  • VAT is applicable to this property
  • Located within short walk to Manor House Underground Station and Finsbury Park

Property description

Investment Consideration:
Rental Income: £13,390 p.a.
Gross Initial Yield: 5.35%dd
Current rental income £11,258.93 p.a. Outstanding rent review due in December 2022. The vendor will top-up rent so the buyer receives the reviewed rent from completion.
Comprises ground floor retail unit part of a residential complex build in 2011
Rent review linked to rpi in December 2026
VAT is applicable to this property
Located within short walk to Manor House Underground Station and Finsbury Park, with occupiers nearby including Sainsbury`s Local, Post Office and more.

Property Description:
Comprises ground floor retail unit trading as a Dry Cleaners. The property forms part of a newly-build residential complex by Berkeley Homes plc and provides the following accommodation and dimensions:
Unit A: Dry Cleaners 49.75 sq m (535 sq ft)
Gross Frontage 12.80 m (41' 11")
Net Frontage 7.80 m (25' 7")
Shop & Built Depth 7.95 m (26' 1")

Tenure:
Long Leasehold. Held on a 999 Year Lease from 25th September 2009 at a ground rent of £50 per annum.

Tenancy:
Unit A is at present let to Drycentre Limited for a term of 20 years from 25th December 2011 at a current rent of *£13,390 p.a and the lease contains full repairing and insuring covenants. Rent review linked to rpi in December 2026. Tenant option to determine in December 2026 with minimum 6 month`s notice. Break clause in 2021 not exercised. Deposit held of £2,913.30. Lease within Landlord & Tenant Act 1954.

*Note - Current rental income is £11,258.93 p.a. Outstanding rpi linked rent review due in December 2022. The vendor will top-up rent so the buyer receives the reviewed rent from completion.

Location:
Manor House is a densely populated suburb of North London, located south of Harringay, north of Stoke Newington and is well served for tube access to Central London via the Piccadilly Line. The properties are situated along Woodberry Grove, to the south of the A503, the Seven Sisters Road. Manor House Underground Rail Station is within 10 minutes walking distance. Woodberry Park is a recent development by Berkeley Homes adjacent to local park and reservoirs and comprises some 800 residential units with a planned expansion of up to 5,000 units by 2030. The property is located within short walk to Manor House Underground Station and Finsbury Park, with occupiers nearby including Sainsbury`s Local, Post Office and more.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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