Parking/garage for sale

86-90 Mayes Road, Wood Green N22

Lot 89 **for sale by online auction** on 17th September 2025

In Same Ownership for
Approximately 35 Years

Freehold Ground Rents and Vacant Parking Space

Located on Mayes Road, close to local shopping/travelling facilities including Wood Green Tube Station (Piccadilly Line) and Alexandra Palace Train Station. Alexandra Park is also nearby.

Freehold Ground Rents amounting to £300 per annum derived from Nine Self-Contained Flats each on a lease as follows:

Lower Ground Floor Flat 86(A) 999 years from 12th November 2024 at a peppercorn ground rent.

Ground Floor Flat 86(B) 189 years from 24th June 1986 at a peppercorn ground rent.

First, Second and Third Floor Flat 86(C) 125 years from 27th November 2019 at a ground rent of £150 per annum rising by £150 per annum every 25 years to £750 per annum in the final 25 years.

Lower Ground Floor Flat 88(A) 189 years from 1st August 2019 at a peppercorn ground rent.

Ground Floor Flat 88(B) 189 years from 26th June 1996 at a peppercorn ground rent.

First and Second Floor Flat 88(C) 171 years from 28th February 2006 at a peppercorn ground rent.

Lower Ground Floor Flat 90(A) 169 years from 28th June 2007 at a peppercorn ground rent.

Ground Floor Flat 90 99 years from 11th November 1986 at a ground rent of £150 per annum rising. Valuable reversion in approximately 60 years

First and Second Floor Flat 90 189 years from 22th July 1986 at a peppercorn ground rent.

Vacant Off-Street Parking Space at Rear
from Caxton Road

In accordance with Section 5(B) of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have reserved their rights of first refusal.

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.