64 Aldermans Hill, Palmers Green, N13 4PP

LOT 25 **FOR SALE BY ONLINE AUCTION** on 22nd October 2025

In Same Family Ownership for
Approximately 42 Years


Freehold Shop and Upper Part Investment and Two Floor Rear Office Building with Planning Permission granted to convert Upper Parts into Two Self-Contained Flats

Conveniently situated overlooking Broomfield Park, close to local shopping/travelling facilities including Palmers Green Train Station and Arnos Grove Tube Station (Piccadilly Line).

A Terrace Shop Premises, Rear Office and Upper Parts with accommodation arranged on Three Floors with accommodation and tenancy schedules as follows:

First and Second Floors
Six Bedsits each with Kitchens and Two Bedsit Rooms with En-Suite Shower Rooms
Two Shower's
Two WC's

Let on Six Month Assured Shorthold Tenancies producing £52,692 per annum.

EPC Rating: E

Two Floor Rear Office Building
Two Office Areas
Kitchenette
Two WC's

Let on 5-year Law Society Lease from April 2022 to April 2027 producing £14,750 per annum.

Commercial EPC Rating: G

Ground Floor Restaurant
Restaurant Area
Kitchen
WC's

Let on a 20-year lease from September 2014 producing £23,750 per annum.

Commercial EPC Rating: E

Planning Consent has been granted by London Borough of Enfield on 25th March 2024 for the Conversion of Upper Floor Existing Bedsits into Two Self-Contained Units comprising of 1 x Two Bed Apartment and 1 x One Bed Apartment, together with Conversion of Loft Space into Habitable Room with Rooflights. Copies of the plans and consent are available for inspection. (Planning Reference: 24/00105/FUL).

Producing £91,192 per annum


Inspection:
By arrangement with the Auctioneers

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.