Commercial Property For Auction London N22 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

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Auction date: Thu, 18/07/2024 - 09:00

Guide Price £460,000 - £480,000. A pair of freehold buildings comprising a large ground floor restaurant and take away (2574 sq ft) and 2 flats sold off on long leases. Development potential, vacant. The ground floor is arranged as a double fronted restaurant with stainless steel front of house grill/takeaway area, bar and rear prep kitchen with walk-in fridge/freezer. The dining area provides 54+ covers, air conditioning, and W/C's to the rear, sandwich bar / take away trade area to the front. The upper parts are sold off on long leases for 999 years from 2005. The ground floor is well presented, with an estimated current rental value is £60,000 pa. Potential to separate the ground floor into 2 units or convert the rear parts into flats, subject to planning.

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