London N22 - 69 High Road, Wood Green N22 6BB Freehold Shop and Residential Investment - 69 High Road, Wood Green N22 6BB Freehold ...

London N22 - 69 High Road, Wood Green N22 6BB
Freehold Shop and Residential Investment

London N22 - 69 High Road, Wood Green N22 6BB
Freehold Shop and Residential Investment

 Investment Consideration:
    Purchase Price: POA
    Rental Income: £108,836 p.a.
    VAT is applicable to this property
    Property comprises a ground floor retail unit with three self-contained
     flats on the first and second floors accessible from Courcy Road
    Retail premises let to The Carphone Warehouse Limited for a term of
     10 years from 19.03.15
    2020 break option NOT exercised by tenant
    Nearby occupiers include Sainsbury’s, Barclays, Halfords, Shoe Zone,
     Hawes & Curtis, Holland & Barrett, Betfred, O2, JD Sports, The Body
     Shop, McDonald’s, amongst other local traders.

 Property Description:                                                         Location:
 The property comprises a ground floor retail unit with three self-contained   Wood Green is a densely populated North London suburb and also one of the
 flats on the first and second floors accessible from Courcy Road.             major retail centres of North London, located some eight miles north of Central
 The property provides the following accommodation and dimensions:             London on the A105 High Road. The North Circular Road (A406) is one mile to the
                                                                               north, providing excellent communications to the neighbouring North London
 Ground Floor Retail:          92.59 sq m      (997 sq ft)                     suburbs and the M1 Motorway is seven miles to the west. The area is well
 Flat 1 First Floor:           92.00 sq m      (990 sq ft)                     serviced by Wood Green and Turnpike Lane Underground Stations. The property
 Flat 3 First Floor:           41.00 sq m      (441 sq ft)                     is situated on High Road, an established trading location, close to The Mall Wood
 Flat 2 Second Floor:          60.00 sq m      (646 sq ft)                     Green Shopping Centre, a major shopping centre with cinema complex.

London N22 - 69 High Road, Wood Green N22 6BB
Freehold Shop and Residential Investment

 Tenancies and Accommodation:
  P roperty                                        Ac c ommodation                           Lessee & Trade          Term          Current Rent £ p.a.                    Notes
  No. 6 9 High Road         Ground Floor Retail                                             The Carphone          10 years from         £50,000          Note 1: FRI
  (Ground Floor)            92.59 sq m     (997 sq ft)                                      Warehouse Limited    19 March 2015                           Note 2: 2020 Break clause NOT exercised
                                                                                                                                                         Note 3: Rent review every 5th year

  Flat 1 : 1 a Courc y Rd   Residential                                                    Individuals           24 months from         £23,916          Note 1: AST
  (First Floor)             Flat - Comprises 3 Bedrooms, Living Room, Kitchen and Bathroom                      25 February 2020                         Note 2: Break clause 24.05.21
                            92.00 sq m      (990 sq ft)                                                                                                  Note 2: Reversion 24.02.22
  Flat 2 : 1 a Courc y Rd   Residential                                                    Individuals           12 months from         £18,720          Note 1: AST
  (Sec ond Floor)           Flat - Comprises 2 Bedrooms, Living Room, Kitchen and Bathroom                        27 July 2019                           Note 2: Landlord agreed extension of
                            60.00 sq m      (646 sq ft)                                                                                                  AST to 01.10.20

  Flat 3 : 1 a Courc y Rd   Residential                                                     Individuals          10 months from         £16,200          Note 1: AST
  (First Floor)             Flat - Comprises 1 Bedroom, Living Room, Kitchen and Bathroom                       14 December 2019                         Note 2: Reversion 13.10.20
                            41.00 sq m      (441 sq ft)
                                                                                                                     Total             £ 1 0 8 ,8 3 6

 Tenancy:
 The shop is at present let to The Carphone Warehouse Limited for a term of 10 years from 19th March 2015 at a current rent of £50,000 per annum and the
 lease contains full repairing and insuring covenants. The lease provides for rent reviews every fifth year. The tenant did not exercise break option in 2020.
 Flat 1 (1a Courcy Rd) is at present let on an AST to an Individual for a term of 24 months from 25th February 2020 at a current rent of £23,916 per annum.
 The tenant has option to determine on the 24th June 2021. Flat 2 (1a Courcy Rd) is at present let on an AST to an Individual for a term of 12 months from
 27th July 2019 at a current rent of £18,720 per annum. The landlord has agreed an extension with tenant until October 2020. Flat 3 (1a Courcy Rd) is at
 present let on an AST to an Individual for a term of 10 months from 14th December 2019 at a current rent of £16,200 per annum.

London N22 - 69 High Road, Wood Green N22 6BB
Freehold Shop and Residential Investment

Contacts:
To view copies of the leases, information on the title, other information, please contact Joseph Bachman
or Prash Jaitley.

            Joseph Bachman – COO                                      Prash Jaitley – Managing Partner
            M: +44(0)77236 19270                                      M: +44(0)79618 53166
            E: joseph@bluealpine.com                                  E: prash@bluealpine.com

   Address:
   Blue Alpine Partners Limited
   Trading Address: 83c Ashley Gardens, Thirleby Road, London, SW1P 1HG
   Registered Address: Suite 115, Devonshire House, Manor Way, Borehamwood, Hertfordshire, WD6 1QQ

   Disclaimer: Blue Alpine Partners prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor Blue Alpine Partners will,
   however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, Blue Alpine Partners may not have all the information required by a
   prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. Prospective purchasers should make their own investigations
   before finalising any agreement to purchase or lease.