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Excellent Re-Development Opportunity in North London

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Excellent Re-Development Opportunity in North London Excellent Re-Development Opportunity in North London For identification purposes only Sybil Mews, Harringay, London N4 1EP SUMMARY ˃ Located in Hornsey near Green Lanes in the London Borough of Haringey ˃ Excellent location within easy walking distance of both Harringay Green Lanes Overground and Manor House (Piccadilly Line) Underground Station ˃ Pre-app to demolish current buildings on site and replace them with purpose built commercial building and 7 townhouses ˃ Potential for alternative uses or re-development subject to planning ˃ The site is within a densely populated residential area surrounded by housing on all sides ˃ Site area 0.34 of an acre (1391 sq m) ˃ Currently 10,505 sq ft buildings predominantly used as B8 workshops ˃ Producing £57,088.44 pa let to a range of tenants, all the leases are outside the Landlord and Tenant Act 1954 and expire within the next 12 months ˃ Offers invited in excess of £2,250,000 LOCATION Haringey is a densely populated suburb of North London, located just south of Wood Green and north of Finsbury Park. The site is well served by public transport with overground railway lines to Kings Cross from Harringay Railway Station and London Underground services at Manor House and Turnpike Lane (Piccadilly Line). Finsbury Park Station (Piccadilly, Victoria and National Rail) is also within walking distance. Within a two-minute walk is Harringay Green Lanes Overground Station giving accessto Gospel Oak to the west and Barking to the east of London. Numerous buses pass along Green Lanes. SITUATION The site is situated between Green Lanes, Lothair Road, Venetia Road and Endymion Road. To the south of the site is Finsbury Park and its associated sports and leisure facilities. The site is well positioned being close to the Arena Retail Park which includes a number of national occupiers such as Next, TK Maxx, Sports Direct and Argos and the many shops on Green Lanes. DESCRIPTION The mews is currently a mixture of single and two storey workshops. There are currently 8 units presently used as light industrial and storage accommodation. The units comprise a total of 10,505 sq ft (976 sq m). The site occupies 0.34 of an acre (1391 sq m). TENURE Freehold. TENANCY SCHEDULE Unit Tenant GIA (m2) GIA Lease Start Date Lease End Date Rent Landlord’s Use Class (sq ft) Break Notice 1 Integra Coatings Ltd 355 3821 30/09/2018 29/09/2021 £18,638.52 6 months B8 2 Rankin Group Ltd 104 1119 23/04/2021 30/06/2022 £7,800.00 3 months B8 2a H.A.B.S Market Ltd 45 484 23/04/2021 30/06/2022 £4,800.00 3 months B8 2bVacant 47 506 N/A B8 2c Dido Import & Export Ltd 63 678 23/04/2021 30/06/2022 £7,279.92 3 months B8 2d Site Office 17 183 Vacant Ancillary 3 N1 Signs Ltd 187 2013 23/04/2021 30/06/2022 £9,600.00 3 months B8 4 Dave’s Wholesales Ltd 158 1701 23/04/2021 30/06/2022 £8,970.00 3 months B8 TOTAL AREA 976 10505 TOTAL INCOME £57,088.44 All leases are outside the Landlord & Tenant Act 1954 Current layout PLANNING The property is considered suitable for residential and commercial re-development. Pre-application has been made for 7 x three-bedroom townhouses and 322 sqm B1 commercial space and all documents are available on our website. CGI of Proposed Development Scheme For identification purposes only TERMS & CONDITIONS ANTI-MONEY LAUNDERING REGULATIONS Messrs Savoy Stewart Ltd, for themselves and for the vendors or lessors of this property for whom they act, give notice that: In accordance with Anti-Money Laundering Regulations, two forms of identification and I. These particulars are a general outline only, for the guidance of prospective confirmation of the source of funding will be required from the successful purchaser. purchasers or tenants, and do not constitute the whole or any part of an offer or contract. II. Savoy Stewart Ltd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation, and other details contained herein, and prospective purchasers or tenants must not rely on them as statement of fact or representations and must satisfy themselves as to their accuracy. III. No employee of Messrs Savoy Stewart Ltd has any authority to make or give any PROPOSAL representation or warranty or enter into any contract whatever in relation to the property. We are instructed to seek offers in excess of £2,250,000 (subject to contract) for the IV. Rents, prices, premiums and service charge quoted in these particulars may be subject freehold interest. to VAT in addition and V. Messrs Savoy Stewart Ltd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. VIEWING & FURTHER INFORMATION All interested parties are requested to make any appointments strictly through Savoy Stewart. Stephen Rajbenbach Nicholas Sherling [email protected] [email protected] T: 020 7478 9110 T: 020 7478 9113 M: 07957 355 397 M: 07957 167 786 T: 020 7495 3666 E: [email protected] Atlantic House, 351 Oxford Street, London W1C 2JF.
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