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6 bedroom mixed use for sale

Aldermans Hill, Palmers Green, London, N13 4PP

Guide Price* £1,200,000

Property Description

Key features

  • Freehold three floor terraced building arranged as a ground floor restaurant, rear office building plus 6 bedsits over the first and second floors.
  • Part vacant Investment
  • In the same ownership for over 30 years

Full description

Tenure: Freehold

Unsold, the last bid was £1,130,000 and is available at £1,200,000.

For further details, Viewings, Auction catalogue and Legal Documents see or call 020 7703 4401

*Guide prices are an indication of the current level of the vendor's intention as to the reserve price (the figure below which the Auctioneer cannot sell the property). Guide prices are subject to change updates are available on the website or by telephoning the Auctioneers on 020 7703 4401. The sale price whether prior to or at the auction could well vary from and is generally expected to exceed the guide price depending upon market activity.AUCTION SALE - 21/07/2016

Freehold three floor terraced building arranged as a ground floor restaurant, rear office building plus 6 bedsits over the first and second floors.

In the same ownership for over 30 years

Situated within an affluent North London area the property forms part of a busy mixed use parade, between Lakeside Road and Grovelands Road overlooking Broomfield Park. Other nearby occupiers within the parade include two estate agents, two coffee shops, a convenience store and a takeaway restaurant, larger multiple occupiers are within walking distance. Public transport includes Palmers Green railway station which is less than half a mile to the south. This provides a direct link to Kings Cross and Moorgate. Recreational facilities can be found directly opposite within Broomfield Park.

Part vacant Investment

Total Rent Reserved £56,588 per annum with vacant possession of the rear office building

It is considered that there may be potential for reconfiguration of the upper parts (to include the roof space) to provide two or possibly three self-contained flats. The rear office building may also lend itself to a change of use. Interested parties must rely on their own enquiries in this regard.

VAT is not applicable to this lot
Joint Agents:
Horton Property Solutions, Telephone 01634 817222


Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Andrews & Robertson, Camberwell -Auctions on 020 7703 4401.

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