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Freehold Investment and Development Opportunity - London N18

For sale: £150,000.00|722 Sq Ft|Residential, Retail, Offices, Office

PROPERTY DETAILS

FOR SALE£150,000.00
SIZE722 Sq Ft
ADDRESS10 Denton Road, London, Greater London, N18 1RU
TYPEResidential, Retail, Offices, Office
TENUREUnder Offer, For Sale Freehold
POSTED ON27th February 2020

DESCRIPTION

Freehold Investment and Development Opportunity - London N18

Vacant possession of ground floor and basement

10 Denton Road,
Edmonton,
LONDON, N18 1RU

Area
Gross Internal Area: 67 sq.m. (722 sq.ft.)

Price
Guide price £150,000 subject to contract

Property Description
The subject property comprises an end of terrace building providing accommodation over basement, ground and first floors together with garage and off road parking.

The property will be sold with vacant possession of: the ground floor and basement unit, the front off street car space and a rear garage with adjacent forecourt which is directly accessible from Warwick Road.

Historically the ground floor level had been used as a mini-cab office and the basement for storage, however this unit has been vacant for over ten years.

There may be potential to develop the ground floor and basement levels into a number of alternative uses including; retail, offices and/or residential accommodation (subject to obtaining the necessary planning consents).

The property includes two flats. The residential parts comprise a 1 x one bedroom ground floor garden flat and 1 x first
floor two bedroom flat. Both have been sold off on long leases: the lease of the first floor flat expires in 2174 and the
ground rent is a peppercorn; the lease of the ground floor flat expires in June 2084 (reversion in 64 years). The ground
rent income from the ground floor flat is £150 pa, rising to £300 in 2051.

> Suitable for a number of alternative uses (subject to obtaining the necessary consents)
> Vacant possession of shop and basement
> Lock up garage with forecourt parking for 1 vehicle, with additional off street parking for 1 vehicle to the front
> Reversionary ground rent investment in respect of ground floor flat (circa 64 years remaining)
> Excellent transport communications
> Silver Street Rail Station (London Overground Line) is circa 0.52 kilometres (0.32 miles) to the south.
> London Liverpool Street Station with a journey time of circa 25 minutes

https://www.gilmartinley.co.uk/properties/for-sale/shops-a1/edmonton/london/n18/27864

Our ref: 27864
Freehold Investment and Development
Opportunity - London N18
Vacant possession of ground floor and basement

Accommodation Area sq.m. Area sq.ft. Comments
Ground Floor 23.16 249 Floor to ceiling height 3.23m
Basement 43.92 472 Floor to ceiling height 1.60m

Property Location
The subject property is located on the south side of Denton Road in a prominent corner position in a predominantly residential location. The property benefits from Pymmes Park located 70 metres to the east of the property featuring
Metropolitan Open Space and a number of recreational facilities.

The property has excellent transport communications being 0.23 kilometres (0.12 miles) north of Silver Street which
provides access onto the North Circular Road (A406) 0.33 kilometres (0.20 miles) south of the property, which in turn
leads to the main road communications including easy access to A10, M25, M11 and M1.

Silver Street Rail Station (London Overground Line) is circa 0.52 kilometres (0.32 miles) to the south of the subject
property. Silver Street Station provides frequent and direct services to Seven Sisters Station (Victoria Line) in a journey
time of circa 6 minutes & London Liverpool Street Station with a journey time of circa 25 minutes.

The property is also located only 1.46 kilometres (0.90 miles) to the north of White Hart Lane Station, which has been
significantly improved as part of the regeneration in the area spearheaded by the new Tottenham Hotspur stadium, a
museum and hotel.

2017 Rateable Value £3750.00

Estimated Rates Payable £0 per annum
Service Charge p.a. Nil

Terms Freehold with vacant possession of ground floor and basement, front car space and rear garage / forecourt and subject to a long lease in the first floor flat expiring 2174 at a peppercorn ground rent and a long lease of the ground floor flat expiring 2084 with a current ground rent of £150 pa, rising to £300 pa in 2051.

Legal Fees: Each party is to bear its own legal fees
Local Authority: London Borough of Enfield
Viewings: By prior appointment with Gilmartin Ley, telephone 020 8882 0111
Further information at: http://www.gilmartinley.co.uk/properties/27864
Ground floor lease (part)
Title plan
Floor plans

LOCATION

Location: 10 Denton Road, London, Greater London, N18 1RU

Tottenham Hale (2.1 miles)

Wood Green (2.2 miles)

Turnpike Lane (2.3 miles)

Silver Street (0.3 miles)

Edmonton Green (0.7 miles)

White Hart Lane (0.9 miles)

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