Green Lanes, Palmers Green

LOCATION
Located close to the junction with Hazelwood Lane in this prominent position amongst such multiples as Sainsbury's Local, Gail's, B&Q Local, Scrivens, Ladbrokes, Paddy Power, McDonald's, Costa, Domino's and many others.

Palmers Green Rail Station and 'The Triangle' junction with Aldermans Hill are both within close proximity.

Palmers Green is a popular north London suburb which lies approx. 8 miles north of central London and benefits from good road links via the North Circular Road (A406) and the Great Cambridge Road (A10).

DESCRIPTION
A substantial mid terrace freehold building comprising a Large Ground Floor Pub with a front beer terrace, and a Snooker Club on the first floor. The building totals in the region of 11,500 square feet. A low capital value of just £173 per foot.

A 2 bedroom flat has been sold off on a long leasehold basis who pay £300p.a in ground rent. Over 100 years remaining on that lease.

Use: E class
Income producing: £180,300p.a
Tenure: Freehold

A low capital value of just £173 per foot.
A low blended rent of just £15.65 per foot.

Top floor income: £55,000p.a
Ground floor income: £125,000p.a
Ground rent from the flat: £300p.a

The ground floor offers rent rebase prospects and is let at just £18.65 per foot. The upper parts, subject to planning and obtaining vacant possession, lends itself well to a change of use to residential. The ground floor can be bought with vacant possession.

Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.

VAT
It is our understanding that VAT is applicable TOGC.

LEGAL COSTS
Each party to bear their own legal costs.

VIEWING
Strictly by appointment only.