63 Chase Side & 3a Crown Parade Southgate London N14 5BU

63 Chase Side & 3a Crown Parade
Southgate
London
N14 5BU

Retail and Residential Investment

Retail Shop and a 3 Bedroom Self-Contained Maisonette
Affluent North London Location
Busy and Popular Town Centre Location
Neighbouring Occupiers Include Pizza Express, Boots, Costa, WH Smith, Tesco Express, , McDonalds, Holland & Barratt, Scrivens Opticians, Halifax and Asda

Lot
6
Auction
16th February 2023
Rent
£37,700 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction
Octopus Bridging Loan
To be confirmed

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Retail and Residential Investment

Retail Shop and a 3 Bedroom Self-Contained Maisonette
Affluent North London Location
Busy and Popular Town Centre Location
Neighbouring Occupiers Include Pizza Express, Boots, Costa, WH Smith, Tesco Express, , McDonalds, Holland & Barratt, Scrivens Opticians, Halifax and Asda

Lot 6
Auction 16th February 2023
Rent £37,700 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles north of the City of London
Roads: North Circular Road (A406), A111, A109, A1000
Rail: Southgate Underground Station (Piccadilly Line)
Air: London Heathrow, London City, London Luton, London Stansted

Situation

Southgate is a popular and affluent North London suburb situated some 8 miles north of the City of London. Chase Side is Southgate's prime retailing Street with occupiers include Pizza Express, Boots, Costa, WH Smith, Tesco Express, McDonalds, Holland & Barratt, Scrivens Opticians, Halifax and Asda as well as a varied mix of local retailers and restauranteurs.

The property is situated on the south side of Chase Side some 200m west of Southgate Underground station.

Tenure

Freehold.

Location

Miles: 8 miles north of the City of London
Roads: North Circular Road (A406), A111, A109, A1000
Rail: Southgate Underground Station (Piccadilly Line)
Air: London Heathrow, London City, London Luton, London Stansted

Situation

Tenure

Freehold.

Description

The property is an attractive mid terrace mixed use building with retail accommodation on the ground floor and a self contained 3 bedroom maisonette on the first and second floors. The maisonette is accessed from the rear via Crown Lane.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Retail: See Legal Pack, Residential: C

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Retail: See Legal Pack, Residential: C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review ( Reversion)
Ground	Retail	55.77	600	Individual t/a Leo's Caffe Bar 2	12 years from 27/2/2020 until 2032	£24,500	24/02/2023 and 3 yearly (26/02/2032)
First and Second	3 Bedroom Self Contained Maisonette	Not Measured		Individual	Assured Shorthold Tenancy	£13,200
Total Approximate Commercial Floor Area		55.77	600 (1)			£37,700

(1)The floor areas stated above are those published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/valuations/start/20376053

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.