10 & 10A/C Cheapside Wood Green London N22 6HH

  • 10 & 10A/C Cheapside<br>Wood Green<br>London<br>N22 6HH

10 & 10A/C Cheapside
Wood Green
London
N22 6HH

Freehold Retail and Residential Investment

  • Shop let to tenant trading as Tigana
  • 10 year shop lease from September 2019 (subject to option)
  • Three fully let flats above
  • 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
    32
  • Auction
    23rd September 2020
  • Rent
    £100,800 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Freehold Retail and Residential Investment

  • Shop let to tenant trading as Tigana
  • 10 year shop lease from September 2019 (subject to option)
  • Three fully let flats above
  • 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 32
  • Auction 23rd September 2020
  • Rent £100,800 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

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.

Description

The property comprises a three storey building, arranged as a ground floor shop, with three flats (including one studio) arranged on the first and second floors, accessed separately from the rear.

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

Description

The property comprises a three storey building, arranged as a ground floor shop, with three flats (including one studio) arranged on the first and second floors, accessed separately from the rear.

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 B (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
90.95 sq m
(979 sq ft)
 TOWERSTONE
LIMITED
t/a Tigana		 10 years from
16/09/2019
until 15/09/2029 (1)		 £60,000 16/09/2024
First
(10A)		 Studio Flat
30.00 sq m
(323 sq ft)
 INDIVIDUALS 1 year AST from
04/12/2019 at
900 pcm		 £10,800 -
First
(10B)		 1 bed flat
45.00 sq m
(484 sq ft)
 INDIVIDUAL 1 year AST from
09/07/2020 at
1,150 pcm		 £13,800 -
Second
(10C)		 2 bed flat
41.99 sq m
(452 sq ft)
 INDIVIDUALS 1 year AST from
11/10/2019 at
1,350 pcm		 £16,200 -

 
207.94 sq m
(2,238 sq ft)
     £100,800  

(1) The lease is subject to a tenant option to determine on 16/09/2024.

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.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
CWM 35 Heddon Street
London
W1B 4BP
John Miles 020 7758 9882/07789 243 998jhm@cwm.co.uk
Seller's Solicitors
Knights Plc 10 Wellington Place
Leeds
West Yorkshire
LS1 4AP
Edwina Hewson 0113 207 0187edwina.hewson@knightsplc.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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