89/89a, Lancaster Road, Enfield

INCOME PRODUCING FREEHOLD FOR SALE - TO BE SOLD SUBJECT TO EXISTING TENANCIES OF SHOP & RESIDENTIAL UPPER PART.

The lock up commercial unit is arranged over ground level with basement, plus garage to rear. The unit is located in a secondary parade of mixed shops serving the local community.
The first floor flat has one bedroom, reception, kitchen & bathroom, as well as a parking
space to the side.

The premises are situated on the corner of Birkbeck Road, and lie within two thirds of a mile of Gordon Hill main line station, & approximately a mile of shopping and transport facilities at Enfield Town, including Enfield Town station.

COMMERCIAL UNIT
Currently let and income producing – the front retail area has an overall depth of approx. 30’ (9.14m) with a 24’(7.32m) frontage narrowing to 16’ (4.88m) – beyond this are 2 rear ancillary areas of approximately 15’6 x 11’ (4.72m x 3.35m), and 7’3 x 6’ (2.21m x 1.83m), which includes kitchen and WC.

There is basement storage at the unit – approx. 21’ x 10’ (6.40m x 3.05m).

The garage to the rear of the property is leased to the commercial unit.

GIA: APPROX 814ft² (75.62m²) - including WC/Lobby + GARAGE & BASEMENT

Lease: 15-year lease, established August 2019 – expires August 2034.
Passing Rent: £16,500 PAX.
Review Dates: August 2023 / 2027 & 2031
Business Rates: According to the VOA web site, the 2026 Rateable Value is £20,500. This is NOT the rates payable. For the actual amount of rates payable, interested parties are advised to make their own enquiries with the Borough of Enfield Council.

EPC: B46

FIRST FLOOR – Residential accommodation
Access via an external staircase to the side/rear. Flat entrance door opens to;

Entrance Hallway – Split level (2 steps between front and rear parts of the property).

Reception: 13’10 x 14’3 max/narrows to 12’4 (4.22m x 4.34m narrows to 3.76m) Carpeted flooring, radiator, double glazed windows to front.

Kitchen: 7’10’ x 6’4 (2.39m x 1.93m) Kitchen units, stainless steel sink with mixer tap, 4 ring electric hob with oven below, radiator, double glazed window to front.

Bedroom: 15’ max/narrows to 14’5 x 10’4 (4.57m to 4.39m x 3.15m). Carpeted flooring, radiator, double glazed window to rear.

Bathroom: 8’7 x 5’11 (2.62m x 1.80m) Panel enclosed bath with hand held shower spray, low flush WC, wash hand basin, radiator, frosted double glazed window to side, partially tiled.

Utility Room: 8’7 x 4’9 (2.62m x 1.50m) Radiator, Potterton boiler, plumbing & space for washing machine & small fridge/freezer.

One off street parking space to the side of the property.

Council Tax band: C

EPC: Current D65, potential C75

Note: Under an Assured Shorthold Tenancy – the tenant has been at the property for several years – the current monthly rent is £950 pcm.


ALL VIEWINGS – STRICTLY BY APPOINTMENT ONLY