4-5 Market Chambers Church Street Enfield Greater London EN2 6AA

4-5 Market Chambers
Church Street
Enfield
Greater London
EN2 6AA

Freehold Retail Investment

Entirely let to McDonald’s Real Estate LLP until 2025 (no breaks)
Substantial property totalling approximately 471.20 sq m (5,064 sq ft) in popular North London location
Opposite the major Palace Gardens Shopping Centre
Neighbouring occupiers include Maplin, Starbucks, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>

Lot
15
Auction
11th December 2014
Rent
£137,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of a Major Fund

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Freehold Retail Investment

Entirely let to McDonald’s Real Estate LLP until 2025 (no breaks)
Substantial property totalling approximately 471.20 sq m (5,064 sq ft) in popular North London location
Opposite the major Palace Gardens Shopping Centre
Neighbouring occupiers include Maplin, Starbucks, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>

Lot 15
Auction 11th December 2014
Rent £137,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Restaurant
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On the instructions of a Major Fund

Property Information

Location

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

Situation

The property is situated in a 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. Neighbouring occupiers include Maplin, Starbucks, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero.

Tenure

Freehold.

Location

Miles: 11 Miles north of the City of London
Roads: A110, A10, A406 (North Circular Road), M25
Rail: Enfield Town Railway Station
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.

Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 Second	Restaurant Restaurant/Ancillary Ancillary	190.40 sq m 164.70 sq m 116.10 sq m	(2,049 sq ft) (1,766 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	£137,000	25/03/2015 and 5 yearly
Totals		471.20 sq m	(5,064 sq ft)			£137,000

(1) For the year ending 31st December 2013, McDonald’s Real Estate LLP reported a turnover of £87,333,000, pre-tax profits of £37,871,000 and a total net worth of £253,129,000. (Source: www.riskdisk.com 11/11/2014)