Close to Burnt Oak Underground Station (Northern Line)
Opposite Costa and adjacent to William Hill
Lot 40
Auction 18th October 2018
Rent £35,000 per Annum Exclusive
Status Sold
Price £820,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Mapeley
Property Information
Location
Miles
10 miles north of central London, 7 miles south of Watford, 1.5 miles west of Mill Hill Broadway
Roads
A5, A1, A41, M1, M40, M25
Rail
Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport
Situation
Burnt Oak, in the London Borough of Barnet, is 10 miles north of central London and 1 mile south of Edgware. The property is located in a mixed residential/commercial area, in a prominent location on Burnt Oak Broadway (A5), at its junction with The Highlands, some 400 metres west of Burnt Oak Underground Station (Northern Line). Nearby occupiers include Costa (opposite), William Hill (adjacent), Peacocks, Ladbrokes, Shoe Zone and Poundland.
Tenure
Freehold.
Location
Miles
10 miles north of central London, 7 miles south of Watford, 1.5 miles west of Mill Hill Broadway
Roads
A5, A1, A41, M1, M40, M25
Rail
Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport
Situation
Burnt Oak, in the London Borough of Barnet, is 10 miles north of central London and 1 mile south of Edgware. The property is located in a mixed residential/commercial area, in a prominent location on Burnt Oak Broadway (A5), at its junction with The Highlands, some 400 metres west of Burnt Oak Underground Station (Northern Line). Nearby occupiers include Costa (opposite), William Hill (adjacent), Peacocks, Ladbrokes, Shoe Zone and Poundland.
Tenure
Freehold.
Description
The property comprises a ground floor shop with first floor storage and a rear store room.
The first and second floors comprise self-contained residential accommodation accessed via The Highlands. The first floor comprises three rooms, kitchen and shower room/WC and the second floor, four rooms, kitchen and shower room/WC.
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 shop with first floor storage and a rear store room.
The first and second floors comprise self-contained residential accommodation accessed via The Highlands. The first floor comprises three rooms, kitchen and shower room/WC and the second floor, four rooms, kitchen and shower room/WC.
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
Reviews
Ground Ground First First
Second
Retail Ancillary Ancillary Residential
Residential
83.00 sq m 2.50 sq m 16.50 sq m 3 rooms, kitchen & shower/WC GIA 49.00 sq m 4 rooms, kitchen & shower/WC GIA 64.00 sq m
(893 sq ft) (27 sq ft) (177 sq ft)
(528 sq ft)
(689 sq ft)
INDIVIDUALS (sublet)
15 years from 16/09/2016 on a full repairing and insuring lease
£35,000
2021 & 2026
Total
215 sq m
(2,312 sq ft)
£ 35,000
(1) The property is sublet.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square, 27 Quay Street Manchester M2 3DE
