Freehold 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


Sold property




Gross internal area: 206.89 sq.m. (2226 sq.ft.)

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.


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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.

Accommodation:
Gross internal area: 206.89 sq.m. (2226 sq.ft.) 

comprising:

Ground Floor 124.53 sq.m / 1340 sq.ft

First Floor 63.31 sq.m / 681 sq.ft

Second Floor 19.05 sq.m / 205 sq.ft

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
Viewings:
By prior appointment with Gilmartin Ley, telephone 020 8882 0111 - Click here for Enquiries
Reference:
28062    Updated: 27 Jul 2020