Recently Let Freehold Retail Investment with Newly Developed Residential Above
Shop/Bakery recently let to Taboon London Limited t/a Taboon
New 15 year shop lease from July 2020 (no breaks)
Four newly developed separately accessed flats on upper floors ready to be let (1 x 2 bed and 3 x 1 bed)
Prominent corner position in the heart of Golders Green, within very close proximity to Golders Green Tube and Bus Station
Nearby occupiers include Tesco Express, Boots the Chemist, Holland & Barrett and various restaurants and coffee shops
Immediate Asset Management potential
Affluent and popular North-West London suburb
Lot 10
Auction 23rd September 2020
Rent £42,500 per Annum Exclusive
Status Sold
Price £2,125,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles north-west of Central London
Roads
A406 (North Circular),
A41 (Finchley Road), M1
Rail
Golders Green Tube Station (Northern Line)
Air
London Luton, London Heathrow
Situation
Golders Green is an affluent North West London suburb, 5 miles north-west of London's West End. The location benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is situated on a prominent corner position on the south side of Golders Green Road, at its junction with Armitage Road. Nearby occupiers include Tesco Express, Boots the Chemist, Holland & Barrett and various restaurants and coffee shops. Golders Green Tube and Bus Station is located a short walk away with various bus routes serving Golders Green Road.
Tenure
Freehold.
Location
Miles
6 miles north-west of Central London
Roads
A406 (North Circular),
A41 (Finchley Road), M1
Rail
Golders Green Tube Station (Northern Line)
Air
London Luton, London Heathrow
Situation
Golders Green is an affluent North West London suburb, 5 miles north-west of London's West End. The location benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is situated on a prominent corner position on the south side of Golders Green Road, at its junction with Armitage Road. Nearby occupiers include Tesco Express, Boots the Chemist, Holland & Barrett and various restaurants and coffee shops. Golders Green Tube and Bus Station is located a short walk away with various bus routes serving Golders Green Road.
Tenure
Freehold.
Description
The property comprises a recently let ground floor bakery, with shop fitting to commence imminently and newly developed residential accommodation (3x one bed flats and 1x two bed flats) on the first and second floors. The residential accommodation benefits from separate access via Armitage Road, as well as a roof terrace.
VAT
VAT is not applicable to this lot.
Note
Indicative Floor Plans available on request.
Viewings
There will be one accompanied block viewing leading up to the auction. Please email your request to view to george.goucher@acuitus.co.uk who will confirm the time and date.
Completion Period
Eight Week Completion
EPC
Band D (shop). See legal pack at www.acuitus.co.uk.
Description
The property comprises a recently let ground floor bakery, with shop fitting to commence imminently and newly developed residential accommodation (3x one bed flats and 1x two bed flats) on the first and second floors. The residential accommodation benefits from separate access via Armitage Road, as well as a roof terrace.
VAT
VAT is not applicable to this lot.
Note
Indicative Floor Plans available on request.
Viewings
There will be one accompanied block viewing leading up to the auction. Please email your request to view to george.goucher@acuitus.co.uk who will confirm the time and date.
Completion Period
Eight Week Completion
EPC
Band D (shop). See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
Ground
Retail/Bakery
124.11 sq m
(1,336 sq ft)
TABOON LONDON LIMITED t/a TaboonBakery (1)
15 years from 27/07/2020 until 26/07/2035
£42,500
27/07/2025 27/07/2030 25/07/2035
First
Residential -Flat 1 Residential -Flat 2
1 bed - 46.73 sq m 1 bed - 50.21 sq m
(503 sq ft)
(540 sq ft)
VACANT
Second
Residential -Flat 3 Residential -Flat 4
1 bed - 37.84 sq m 1 bed - 58.60 sq m
(407 sq ft)
(631 sq ft)
VACANT
Total
317.49 sq m
(3,417 sq ft)
£42,500
(1) A rent deposit of £31,875 is currently held by the landlord.
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.
