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
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.
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
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
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.
