House For Sale £500,000
High Road, London N15


Description
To be sold by online auction as lot 59 on Wed 14 Jul.

Highly Reversionary Investment in 2022

London Borough of Haringey

Conveniently situated at the junction with Page Green Terrace and Townsend Road in a popular residential area close to local shopping/travelling facilities including Seven Sisters Overground and Underground Stations (Victoria Line). Markfield Park is also nearby.

The property comprises a Victorian End of Terrace Villa, which has been converted into Two Self-Contained Maisonettes

The freehold interest which is to be sold is subject to a Headlease in favour of London Borough of Haringey. The Headlease is dated 24th September 1923 and granted originally to Mr James Guy Estherby for a term of 99 years from 24th June 1923, expiring on 23rd June 2022, at a ground rent of £10 per annum. Valuable reversion in approximately 1 year.

The ground floor (170A) comprises a two bedroom flat.

The upper maisonette (170B) is a three bedroom unit including the rear garden. It is sublet on a long lease from The Mayor and Burgesses of the London Borough of Haringey dated 26th February 1990 and expiring on 23rd June 2022.

The ground rent is £10 per annum. It is understood that the Underlease was acquired by the former tenant from Haringey Council under the Right to Buy legislation in the 1980s.

Flat A: 78.8 sq.m (Approximately 848 sq.ft)

Flat B: 105 sq m (Approximately 1,136 sq.ft)

Note: Each of the converted apartments has its own dedicated front entrance door from the road. 170A is accessed from Townsend Road and 170B from Page Green Terrace.

Joint Auctioneers:

Messrs. Gilmartin Ley

Follow the link for more information:
        
zoopla.co.uk

  
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