Includes Ground Floor Retail Shop and 2 x Self Contained Flats
Popular North West London Location
100m from Burnt Oak Underground Station
Nearby occupiers include Greggs, Savers, TSB Bank and Subway
Lot 25
Auction 17th February 2022
Rent £86,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
10 miles north-west of Central London
Roads
A1, A5, A406, A41, M1 (Junction 1), M25
Rail
Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation
The property is prominently located on the north side of the busy Watling Avenue, in the popular North West London suburb of Burnt Oak. Nearby occupiers include Greggs, Savers, TSB Bank, Subway and an eclectic mix of local traders.
Tenure
Freehold.
Location
Miles
10 miles north-west of Central London
Roads
A1, A5, A406, A41, M1 (Junction 1), M25
Rail
Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation
The property is prominently located on the north side of the busy Watling Avenue, in the popular North West London suburb of Burnt Oak. Nearby occupiers include Greggs, Savers, TSB Bank, Subway and an eclectic mix of local traders.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with 2 x two bedroom self-contained flats on the first and second floors. The flats are accessed from a separate entrance at the front of the property.
VAT
VAT is applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
EPC
Band C.
Description
The property comprises ground floor retail accommodation with 2 x two bedroom self-contained flats on the first and second floors. The flats are accessed from a separate entrance at the front of the property.
VAT
VAT is applicable to this lot.
Note
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
EPC
Band C.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
Ground
Retail
110.01 sq m
(1,184 sq ft)
INDIVIDUAL t/a Leonie's Hair and Beauty
Let for a term of 10 years from 01/10/2018
£50,000
(30/09/2028)
First
Ancillary
1 x 2 bedroom flat
INDIVIDUAL
Let on an Assured Shorthold Tenancy Agreement for a term of 3 years from 12/06/1019
£18,000
(11/06/2022)
Second
Ancillary
1 x 2 bedroom flat
INDIVIDUAL
Let on an Assured Shorthold Tenancy Agreement for a term of 3 years from 12/06/2019
£18,000
(11/06/2022)
Total Approximate Commercial Floor Area
110.01 sq m
(1,184 sq ft) (1)
£86,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) The rent reserved under the Assured Shorthold Tenancy is £1,400 per calendar month. The rent shown above 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.