SoldFreehold Café / Bar and Flat with Development Potential London N22

Vacant possession of ground floor. Upper parts let on single AST

101 Myddleton Road,  Bowes Park, LONDON N22 8NE

Features

  • Freehold for sale with vacant possession of ground floor café / bar
  • Located in an improving part of North London
  • Gross internal area: 206.89 sq.m (2,227 sq.ft)
  • Site area: 207.95 sq.m (0.05 acres)
  • Residential upper parts (2 x bedroom flat) let on an AST generating a rent of £1,300 per month
  • Development, reconfiguration and alternative use potential STPP
  • Of interest to investors and owner occupiers
  • Exceptional transport communications
  • Bowes Park Rail Station only 200 metres (0.12 miles) distant
  • Bounds Green London Underground Station (Piccadilly Line) only 450 metres (0.28 miles) distant
  • A406 North Circular Road circa 0.7 kilometres (0.43 miles)

Location

The property is located towards the centre of Myddleton Road, a mixed residential and Edwardian shopping street situated in the 'up and coming' and predominantly residential area of Bowes Park / Bounds Green. There are a wide variety of commercial occupiers in the immediate vicinity, which include bakeries, cafés, offices, restaurants, a fitness centre/gym, hair salons and convenience stores.

The property has exceptional connectivity via road and rail.

The A406 North Circular Road is only 0.7 kilometres (0.43 miles) to the north of the property

Bowes Park Rail Station is only 200 metres west of the property, providing connections to Finsbury Park (10 minutes), Kings Cross (20 minutes) and Moorgate (27 minutes). Bounds Green London Underground Station (Piccadilly Line) is 450 metres west of the property, providing further southbound connections into central and west London and northbound routes to Southgate and Cockfosters amongst others.

Gross internal area 206.89 sq.m. /2226 sq.ft. 

Ground Floor124.53 sq.m. / 1340 sq.ft.
First Floor63.31 sq.m. / 681 sq.ft.
Second Floor19.05 sq.m. / 205 sq.ft.

Description

The property comprises a three storey mid-terrace building comprising a café / bar on the ground floor and a self contained flat over the first and second floors.

The property has significant development potential STP, details of which can be downloaded from our website.

The ground floor was until recently operating as a café / bar called 'The Step'. The space was configured to provide seating for approximately 50 people and a bar area towards the front of the building, with the kitchen, WC facilities and additional storage rooms towards the rear of the property. There is a large rear garden area with space for additional customer seating of approximately 50 people.

The upper parts comprise a two bedroom residential flat, arranged over first and second floors, which is accessed via a separate entrance at street level.

The property is to be sold with the benefit of vacant possession of the ground floor commercial unit and subject to the assured shorthold tenancy on the residential flat, which currently generates a rental income of £1,300 per calendar month.

Terms

Freehold for sale subject to vacant possession of the ground floor café / bar and subject to an assured shorthold tenancy in respect of the residential upper parts with a current passing rent of £1,300 per calendar month.

Service charge: N/A

Local authority: London borough of Haringey


Property reference: 28062 Updated: 27 Jul 2020