78-84 London Rd
Enfield EN2 6HU
Retail Property For Sale

2 adjoining and inter-communicating shops with A3/A4 use (or A1/A2) previously used as a restaurant and suitable for various uses, subject to the necessary consents. The premises have planning approval to reduce the depths of the shops by approx 50% and convert the rear half to 2 x 2 bedroom, 1 bathroom duplex flats. There are 2 parking space to the rear, 1 per property. Each shop is let on a 999 year lease at £50 pa ground rent. £600,000 sought for the 2 long leasehold shops with vacant possession with the benefit of planning approval to convert the rear sections into 2 x 2 bedroom flats. (The shops are available individually at £325,000 each). NB The freeholders require a fee of £40,000 (negotiable) to vary the lease so the residential consent can be implemented. There will be no additional Section 106 costs, as any development will fall under "Permitted Development". Our client would let the 2 shops either together or individually (preferably together) at £25,000 pa per shop.