12 & 12A/C Cheapside Wood Green London N22 6HH

12 & 12A/C Cheapside
Wood Green
London
N22 6HH

Freehold Retail and Residential Investment

Shop let to Harvey and Thompson Limited (trading as H&T Pawnbrokers)
Shop lease expires June 2023
Three fully let separately accessed flats above (1 x four bed, 1 x three bed and studio)
Nearby occupiers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop, Primark, WHSmith, Lidl, Cineworld and branches of Lloyds and Barclays Banks
Part of Proposed Crossrail 2 Route and Bustling North London suburb

Lot
14
Auction
23rd September 2020
Rent
£125,700 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Shop let to Harvey and Thompson Limited (trading as H&T Pawnbrokers)
Shop lease expires June 2023
Three fully let separately accessed flats above (1 x four bed, 1 x three bed and studio)
Nearby occupiers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop, Primark, WHSmith, Lidl, Cineworld and branches of Lloyds and Barclays Banks
Part of Proposed Crossrail 2 Route and Bustling North London suburb

Lot 14
Auction 23rd September 2020
Rent £125,700 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 7 miles north of Central London
Roads: A406 (North Circular), A10, M1
Rail: Wood Green and Turnpike Lane Underground Stations (Piccadilly Line)
Air: London Heathrow, London Luton

Situation

Wood Green is a busy and popular commercial centre, located approximately seven miles north of Central London. Wood Green has excellent road and rail communications being two miles south of the North Circular Road (A406) and on London Underground's Piccadilly Line, as well as numerous bus routes. The property is situated in a prominent location on the east side of Cheapside, High Road, Wood Green's primary retailing thoroughfare, midway between Wood Green and Turnpike Lane Underground Stations. Nearby retailers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop. The property is a short walk from Wood Green Shopping Centre (The Mall) with further retailers including Primark, Argos, WH Smith, Lidl and Cineworld.

Tenure

Freehold.

Location

Miles: 7 miles north of Central London
Roads: A406 (North Circular), A10, M1
Rail: Wood Green and Turnpike Lane Underground Stations (Piccadilly Line)
Air: London Heathrow, London Luton

Situation

Tenure

Freehold.

Description

The property comprises a three storey building, arranged as a ground floor shop, with 1 x four bed falt, 1 x three bed flat and a studio arranged on the first and second floors, all of which are accessed separately from the rear, except the 3 bed flat (12B) which is accessed separately from the front.

VAT

VAT is applicable to this lot.

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

Six Week Completion

EPC

Band D (shop). See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

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

Six 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
Ground	Retail	101.26 sq m	(1,090 sq ft)	HARVEY AND THOMPSON LIMITED (1) t/a H&T Pawnbrokers	20 years from 24/06/2003	£75,000 (2)
First (12A)	Residential - 4 bed flat	81.01 sq m	(872 sq ft)	INDIVIDUALS	1 year AST from 06/01/2020 at 1,675 pcm	£20,100
Second (12B)	Residential - 3 bed flat	47.00 sq m	(506 sq ft)	INDIVIDUAL	1 year AST from 29/08/2020 at 1,500 pcm	£18,000 (3)
Second (12C)	Residential - Studio flat	37.99 sq m	(409 sq ft)	INDIVIDUAL	2 year from AST from 20/03/2020 at 1,050 pcm	£12,600 (3)
		267.26 sq m	(2,877 sq ft)			£125,700

(1) For the year ending 31st December 2019, Harvey & Thompson Limited reported a total turnover of £160,213,000, pre-tax profits of £20,295,000 and shareholder's funds of £120,959,000 (source: SmartSearch 25/08/2020).
(2) Rent increased at 2018 rent review from £72,000 pa.
(3) Rents inclusive of utilities.

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.