21-25 Viceroy Parade, 71-75 High Road East Finchley London N2 8AQ

21-25 Viceroy Parade, 71-75 High Road
East Finchley
London
N2 8AQ

Retail and Residential Investment

Retail let to Iceland Foods Limited until 2022 (no breaks)
The tenant, as Iceland and former Bejam, have been in occupation for over 40 years
Prominent frontage to the busy High Road (A1000)
Nearby occupiers include Santander, Budgens, Post Office and NatWest

Lot
5
Auction
27th March 2014
Rent
£100,980 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Retail and Residential Investment

Retail let to Iceland Foods Limited until 2022 (no breaks)
The tenant, as Iceland and former Bejam, have been in occupation for over 40 years
Prominent frontage to the busy High Road (A1000)
Nearby occupiers include Santander, Budgens, Post Office and NatWest

Lot 5
Auction 27th March 2014
Rent £100,980 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Supermarket/Convenience
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 5.5 miles north of Central London; 1.5 miles north of Highgate; 2.5 miles north of Hampstead
Roads: High Road (A100), A1, North Circular (A406)
Rail: East Finchley Underground Station (Northern Line)
Air: London Heathrow Airport, London Luton Airport, London Stansted

Situation

East Finchley is an affluent and densely populated North London suburb. The property is prominently situated on the west side of the busy High Road (A1000) close to its junction with East End Road and Beresford Road. Neighbouring occupiers include Santander, Budgens, Post Office and NatWest.

Tenure

Long Leasehold. Long Leasehold. Held for a term of 99 years from 25th March 1972 until 2071 at a current rent of £30,857.66 per annum exclusive subject to 33 yearly reviews.

Location

Miles: 5.5 miles north of Central London; 1.5 miles north of Highgate; 2.5 miles north of Hampstead
Roads: High Road (A100), A1, North Circular (A406)
Rail: East Finchley Underground Station (Northern Line)
Air: London Heathrow Airport, London Luton Airport, London Stansted

Situation

Tenure

Long Leasehold. Long Leasehold. Held for a term of 99 years from 25th March 1972 until 2071 at a current rent of £30,857.66 per annum exclusive subject to 33 yearly reviews.

Description

The property comprises a ground floor retail unit with six residential flats on the first and second floors. The property benefits from rear customer access and 18 car parking spaces.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with six residential flats on the first and second floors. The property benefits from rear customer access and 18 car parking spaces.

VAT

VAT is not 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	Reversions
Ground	Retail/Ancillary	468.30 sq m	(5,041 sq ft)	ICELAND FOODS LIMITED (1)	10 years from 01/01/2012	£100,500	2022
First/Second	6 x Residential Flats	Not Measured		INDIVIDUALS	99 years from 25/03/1972 until 2071	£480	2071
Totals		468.30 sq m	(5,041 sq ft)			£100,980

(1) For the year ending 29/03/2013, Iceland Foods Limited reported a turnover of £2,604,669,000, pre-tax profits of £188,146,000 and a total net worth of £516,857,000. (Source: www.riskdisk.com 20/02/2014)