• Shop t/a KFC at £26,000 pa - expiry 2039 (13 years unexpired) (1)

• Self-contained 3 Bed Flat & 1 Bed Flat let in total at £45,000 pa

• Close to Harringay Green Lanes Overground Station (150 metres) and Harringay Station Grt Northern (600 metres) & Finsbury Park

• In the same ownership for 25 years

• VAT is not applicable

• To be offered for sale via Knight Frank Auctions on Thursday 23rd July (unless withdrawn or sold prior)

Property Description

The property arranged over ground and 2 uppers floors, comprising a ground flood take away with kitchen & staff accommodation.
The upper floors accessed from the rear comprises 2 self-contained flats on the first and second floors.
The property is located on the vibrant Green Lanes close to its junction with Burgoyne Road just to the north of Harringay Green Lanes Overground Station.
Nearby occupiers including McDonalds, Pizza Hut, Ladbrokes, The Old Ale Emporium together with a number of specialist independent retailers, cafes and restaurants.

FLOOR AREAS
• Ground Floor Retail – 94.5 sq m (1,017 sq ft)
• First Floor – 3 Bed Flat - 57.5 sq m (619 sq ft)
• Second – 1 Bed Flat - 33.9 sq m (365 sq ft)
• Total Floor Area 185.9 sq m (2,001 sq ft)

TENURE
Freehold

TENANCY
• Shop let to FT FOODS LIMITED (t/a KFC) for a term of 20 expiring 24th December 2029 , followed by an reversionary lease for a term of 10 years from & including 25th December 2029 to 24th December 2039 at a rent of £26,000 pa. Rent Review Dec 2025 outstanding. (1)
• Flat A – 3 Bed Flat – let to an Individual on an AST at £1,950 pcm (annualised - £23,400 pa)
• Flat B – 1 Bed Flat – let on an Individual on an AST at £1,800 pcm (annualised - £21,600 pa)

Total Gross Rent Reserved - £71,000 per annum exclusive

VAT
VAT is not applicable

EPC
RATINGS D, D & D

VIEWINGS
Strictly by appointment only please contact [email protected]

Location

The property is located on the vibrant Green Lanes (A105) in a predominantly residential suburb, close to its junction with Burgoyne Road just to the north of Harringay Green Lanes Overground Station. Nearby occupiers including McDonalds, Pizza Hut, Ladbrokes, The Old Ale Emporium together with a number of specialist independent retailers, cafes and restaurants. Harringay Station Great Northern is 600 metres to the west and Finsbury Park 350 metres to the south. The North Circular (A406) is 2.5 miles to the north.

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.