Retail premises for sale in High Road, London N17

Investment Consideration:
Gross Initial Yield: 5.33%
Rental Income: £32,000 p.a.
VAT is not applicable to this property
Comprises ground floor shop t/a barbers and two residential flats at first and second floor
Entire property let until October 2038. No breaks. Rent reviews in 2026,2030 and 2034
Situated next to Bruce Grove Overground Station with nearby occupiers including McDonalds, kfc, Santander, Holland & Barrett, German Doner Kebab and many more.

Property Description:
The property comprises ground floor shop with ancillary accommodation at basement and two internally accessed residential flats at first and second floor, providing the following accommodation and dimensions:
Ground Floor: Shop 27 sq m (290 sq ft)
Basement: Ancillary 28 sq m (301 sq ft)
First Floor: 1-Bed Flat 26 sq m (280 sq ft)
Second Floor: 1-Bed Flat 26 sq m (280 sq ft)
Total area size: 107 sq m (1,151 sq ft)

Tenancy:
The property is at present let to an Individual t/a Beyoglu Barber for a term of 16 Years years from 10th October 2022 at a current rent of £32,000 per annum and the lease contains full repairing and insuring covenants. Rent review in October 2026,2030 and 2034 open market upward only. No breaks.

Location:
Bruce Grove is a ward in Tottenham, enclosed by Lordship Recreation Ground, Lordship Lane, Philip Lane, and the High Road. Bruce Grove is a London Overground station on the Lea Valley lines located in central Tottenham in the London Borough of Haringey, north London. It is 6 miles 28 chains (10.2 km) down the line from London Liverpool Street and is situated between Seven Sisters and White Hart Lane. The property is situated next to Bruce Grove Station with nearby occupiers including McDonalds, kfc, Santander, Holland & Barrett, German Doner Kebab and many more.