Prominent location close to Enfield Town Railway Station
Close to entrance to Palace Gardens Shopping Centre with retailers including Waitrose,
Boots the Chemist, Marks & Spencer, TK Maxx and H&M Clothing
VAT-free London Investment
Lot 7
Auction 23rd May 2019
Rent £52,299 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
6 miles east of Barnet
12 miles north of Central London
Roads
A10, A110, M25 (Junction 25)
Rail
Enfield Town Railway Station (approximately
34 mins to London Liverpool Street)
Air
London City Airport, London Stansted Airport
Situation
The property is located in an excellent trading location on the southern side of The Town, between Church Street and London Road and approximately 150m west of Enfield Town Railway Station. Palace Gardens Shopping Centre is located close by, with retailers including Waitrose, Boots the Chemist, Lidl, Marks & Spencer, TK Maxx, WH Smith and Waterstones.
Tenure
Freehold.
Location
Miles
6 miles east of Barnet
12 miles north of Central London
Roads
A10, A110, M25 (Junction 25)
Rail
Enfield Town Railway Station (approximately
34 mins to London Liverpool Street)
Air
London City Airport, London Stansted Airport
Situation
The property is located in an excellent trading location on the southern side of The Town, between Church Street and London Road and approximately 150m west of Enfield Town Railway Station. Palace Gardens Shopping Centre is located close by, with retailers including Waitrose, Boots the Chemist, Lidl, Marks & Spencer, TK Maxx, WH Smith and Waterstones.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground and basement, with separately accessed residential accommodation on first, second, third and fourth floors (arranged as an HMO) comprising seven one bedroom residential units all with en-suite shower rooms and a shared kitchen. The residential accommodation is separately accessed from The Town.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a shop arranged on the ground and basement, with separately accessed residential accommodation on first, second, third and fourth floors (arranged as an HMO) comprising seven one bedroom residential units all with en-suite shower rooms and a shared kitchen. The residential accommodation is separately accessed from The Town.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground Basement
Retail Ancillary
28.17 sq m 22.78 sq m
(303 sq ft) (245 sq ft)
J ADEWALE t/a Hairwaves Beauty Centre (1)
15 years from 24/06/2011
£25,000
24/06/2021 (23/06/2026)
1
First
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 07/09/2018
£5,280 (2)
(06/03/2019)
2
Second
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 19/08/2018
£5,400 (2)
(18/02/2019)
3
Second
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 08/04/2017
£3,379.92 (2)
(07/10/2017)
4
Third
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 04/04/2018
£4,800 (2)
(03/10/2018)
5
Third
Residential
One Bedroom/ Shower Room
VACANT
6
Fourth
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 19/08/2018
£3,640 (2)
(18/02/2019)
7
Fourth
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 21/03/2019
£4,800 (2)
(20/09/2019)
Total Commercial Area
50.95 sq m
(548 sq ft)
£52,299.92
(1) A six month rent deposit is held by the Vendor. (2) Annualised rents.
