Prominently Located Shop Let until 2036 t/a German Doner Kebab (subject to option)
Busy and Popular North London Suburb
Opposite Bruce Grove Railway Station
Approximate Commercial Floor Area of 289.03 sq m (3,110 sq ft)
Nearby Occupiers Include Holland & Barrett, KFC, McDonalds, Costa Coffee and Santander.
Lot 8
Auction 15th December 2022
Rent £60,000 per Annum Exclusive
Status Sold
Price £785,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of Joint LPA Receivers
Property Information
Location
Miles
6 miles north of the City of London
Roads
A10, A406 (North Circular), A503
Rail
Bruce Grove Railway Station (direct to London Liverpool Street), Seven Sisters (Victoria Line)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Tottenham is a popular North London suburb situated just 6 miles north of the City of London. The property is prominently situated on the east side of High Road (A10) opposite Bruce Grove Railway Station in a busy trading position a short distance from White Hart Lane Football Stadium. Nearby occupiers include Holland & Barrett, KFC, McDonalds, Costa Coffee and Santander.
Tenure
Freehold.
Location
Miles
6 miles north of the City of London
Roads
A10, A406 (North Circular), A503
Rail
Bruce Grove Railway Station (direct to London Liverpool Street), Seven Sisters (Victoria Line)
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Tottenham is a popular North London suburb situated just 6 miles north of the City of London. The property is prominently situated on the east side of High Road (A10) opposite Bruce Grove Railway Station in a busy trading position a short distance from White Hart Lane Football Stadium. Nearby occupiers include Holland & Barrett, KFC, McDonalds, Costa Coffee and Santander.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the lower ground floor currently trading as German Doner Kebab, together with two upper floors of residential accommodation which have been sold off.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the lower ground floor currently trading as German Doner Kebab, together with two upper floors of residential accommodation which have been sold off.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground Lower Ground
Retail Ancillary
145.43 143.60
(1,565) (1,545)
KGR TOTTENHAM LIMITED with a guarantee from Kash Group Trading t/a German Doner Kebab (1) (2)
15 years from 01/07/2021 Until 30/06/2036 (3)
£60,000
01/07/2026 01/07/2031
First Second
Residential
-
-
INDIVIDUAL
999 years from 07/07/2006
Peppercorn
Total Approximate Commercial Floor Area
289.03
(3,110) (4)
£60,000
(1) KGR Tottenham Limited (CRN 13290385) is a German Doner Kebab franchisee. German Donner Kebab is a highly popular kebab restaurant and takeway operating from over 100 restaurants throughout the UK, Europe, North America and the Middle East. (www.germandonerkebab.com). (2) There is a full rental guarantee from Kash Group Trading for 3 years from the start of the lease and then for 6 months rent thereafter. (3) The lease provides from a tenant option to determine the lease on 30/06/2031. (4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
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.
