Comprises two retail units and 4 residential flats let on ASTs
Popular commuter town 16 miles from Central London served by the A10, M11 and M25 and 25 minutes via rail to London Liverpool Street
Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 24
Auction 11th February 2016
Rent £53,940 per Annum Exclusive
Status Sold
Price £852,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
16 miles north of Central London
Roads
A10, M11, M25
Rail
Cheshunt Railway Station
Air
London City Airport, London Stansted Airport
Situation
Cheshunt is a popular commuter town some 16 miles north of Central London and served by the A10 and M25. The property is situated on the west side of Turners Hill in Cheshunt town centre. Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs.
Tenure
Freehold.
Location
Miles
16 miles north of Central London
Roads
A10, M11, M25
Rail
Cheshunt Railway Station
Air
London City Airport, London Stansted Airport
Situation
Cheshunt is a popular commuter town some 16 miles north of Central London and served by the A10 and M25. The property is situated on the west side of Turners Hill in Cheshunt town centre. Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with 4 self contained one bedroom residential flats over first and second floors accessed from the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal 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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with 4 self contained one bedroom residential flats over first and second floors accessed from the rear.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal 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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
1
Ground
Retail/Ancillary
89.47 sq m
(963 sq ft)
INDIVIDUAL (t/a Lavas)
15 years from 24/06/2013 until 23/06/2028
£13,500
24/06/2018 24/06/2023 (23/06/2028)
2
Ground
Retail/Ancillary
88.78 sq m
(956 sq ft)
INDIVIDUAL (t/a Lavish)
16 years from 06/12/2004
£11,000
06/12/2012 06/12/2016 (05/12/2020)
8a
First
Residential
1 Bedroom Flat
INDIVIDUAL
AST - 6 months from 15/06/2015
£7,800
Holding over
8b
First
Residential
1 Bedroom Flat
INDIVIDUAL
AST - 12 months from 07/12/2005
£7,080
Holding over
9a
First
Residential
1 Bedroom Flat
INDIVIDUAL
AST - 12 months from 16/01/2011
£6,760
Holding over
9b
First
Residential
1 Bedroom Flat
INDIVIDUAL
AST - 12 months from 23/12/2015
£7,800
(22/12/2016)
Total Commercial Area
178.25 sq m
(1,919 sq ft)
£53,940
NB The Assured Shorthold Tenancy rents have been annualised
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
