Retail premises for sale in Alexandra Park Road, London N10

Rarely available freehold premises in the affluent area of Muswell Hill.

This vacant E class premises had previously traded as a kitchen showroom and totals circa 1,300sqft over ground and lower ground floor. The shop is very modern with good lighting and a kitchen and toilet already installed. The rear yard area is thought to be suitable for the development to residential subject to necessary planning. The upper parts are sold off on a 67 and 94 year lease. The uppers consist of a 1x3 bedroom flat and 1x2 bedroom flat with an annual ground rent income of £10.

Re-Development Potential STPP- Our client has had positive early feedback that from the council but has not submitted their plans yet, allowing for the new owner to approach it as they please. It is thought that there is potential to convert the rear of the shop into a 1 bedroom flat with the yard area being built into a 2 bedroom house with a studio.

Gdv: £1,275,000

Location
Located on Alexandra Park Road, the property is just 0.8 miles from Bounds green underground station. Access to the rear yard is via Roseberry Road. Other occupiers along the high street include independent cafes, supermarkets and gym/therapy.

Description
Rarely available freehold premises in the affluent area of Muswell Hill.

This vacant E class premises had previously traded as a kitchen showroom and totals circa 1,300sqft over ground and lower ground floor. The shop is very modern with good lighting and a kitchen and toilet already installed. The rear yard area is thought to be suitable for the development to residential subject to necessary planning. The upper parts are sold off on a 67 and 94 year lease. The uppers consist of a 1x3 bedroom flat and 1x2 bedroom flat with an annual ground rent income of £10.

Re-Development Potential STPP- Our client has had positive early feedback that from the council but has not submitted their plans yet, allowing for the new owner to approach it as they please. It is thought that there is potential to convert the rear of the shop into a 1 bedroom flat with the yard area being built into a 2 bedroom house with a studio.

Gdv: £1,275,000
Shop £300,000
1 bed flat: £300,000
2+1 bedroom house: £675,000

Purchase price: £650,000
Vacant commercial premises with development Potential
Rarely available Freehold in the affluent area of Muswell Hill
Bounds Green underground and Alexandra Palace railway station both within close proximity

Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.

Please note charge a £500 including VAT fee for the processing of referencing and administration

terms
Freehold

outgoings
Interested parties should make their own enquiries.

VAT
It is our understanding that no VAT is applicable on the purchase price

legal costs
Each party to pay their own

viewing
Strictly by appointment only