4/5 Market Chambers Church Street Enfield London EN2 6AA

4/5 Market Chambers
Church Street
Enfield
London
EN2 6AA

Freehold Retail Investment

Entirely Let to McDonald’s Restaurants Limited until 2025
Neighbouring occupiers include Maplin, Vision Express, Starbucks and JD Sports
Opposite the Major Palace Gardens Shopping Centre

Lot
11
Auction
5th December 2013
Rent
£137,500 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle Acting as Joint LPA Receivers

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Freehold Retail Investment

Entirely Let to McDonald’s Restaurants Limited until 2025
Neighbouring occupiers include Maplin, Vision Express, Starbucks and JD Sports
Opposite the Major Palace Gardens Shopping Centre

Lot 11
Auction 5th December 2013
Rent £137,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Restaurant
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle Acting as Joint LPA Receivers

Property Information

Location

Miles: 11 Miles north of the City of London
Roads: A110, A10, A406 (North Circular Road), M25
Rail: Enfield Town
Air: London Stansted, London City, London Heathrow, London Luton

Situation

The property is situated in prime position on the north side of the busy Church Street at the junction of Burleigh Way some 50 metres from the main entrance to the major Palace Gardens Shopping Centre.

Tenure

Freehold.

Location

Miles: 11 Miles north of the City of London
Roads: A110, A10, A406 (North Circular Road), M25
Rail: Enfield Town
Air: London Stansted, London City, London Heathrow, London Luton

Situation

Tenure

Freehold.

Description

The property comprises restaurant accommodation on the ground floor, dining accommodation and ancillary accommodation on the first floor and further ancillary accommodation on the second floor. The property benefits from rear access.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Other Units in this parade are being offered as Lots 7, 18, 23, 39 & 43.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground First (part) Second	Restaurant Restaurant Ancillary	190.40 sq m 164.70 sq m 116.10 sq m	(2,049 sq ft) (1,773 sq ft) (1,249 sq ft)	MCDONALD’S REAL ESTATE LLP (1)	25 years from 25/03/2000 until 2025 on a full repairing and insuring lease	£137,500	2015
Totals		471.20 sq m	(5,071 sq ft)			£137,500

(1) For the year ending 31st December 2012, McDonald’s Real Estate LLP reported a turnover of £85,329,000, pre-tax profits of £37,377,000 and a total net worth of £215,258,000. (Source: www.riskdisk.com 7th November 2013)