7 The Town Enfield London EN2 6LE

7 The Town
Enfield
London
EN2 6LE

Freehold Retail and Residential Investment

Hairdresser/beauty salon with seven self-contained residential units above
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
VAT-free London investment

Lot
19
Auction
26th March 2020
Rent
£53,480 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Retail and Residential Investment

Hairdresser/beauty salon with seven self-contained residential units above
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
VAT-free London investment

Lot 19
Auction 26th March 2020
Rent £53,480 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
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

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and ancillary accommodation in the 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

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)	Holding over
2	Second	Residential	One Bedroom/ Shower Room		AN INDIVIDUAL	AST for 1 year from 19/11/2019	£5,520 (2)	(18/11/2020)
3	Second	Residential	One Bedroom/ Shower Room		AN INDIVIDUAL	AST for 6 months from 12/02/2020	£3,600 (2)	(11/08/2020)
4	Third	Residential	One Bedroom/ Shower Room		AN INDIVIDUAL	AST for 1 year from 1/01/2020	£5,640 (2)	(31/12/2020)
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)	Holding over
7	Fourth	Residential	One Bedroom/ Shower Room		AN INDIVIDUAL	AST for 6 months from 21/03/2019	£4,800 (2)	Holding over
Total Commercial Area			50.95 sq m	(548 sq ft)			53,480

(1) A six month rent deposit is held by the vendor.
(2) The rent has been annualised.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.