22 Hampden Square Southgate London N14 5JR

22 Hampden Square
Southgate
London
N14 5JR

Freehold Retail and Residential Investment

Shop let to a Hairdressers until 2038 (1)
Includes a Self-Contained 3 bedroom Maisonette
Rear Storage Unit with Vacant Possession
Busy neighbourhood retailing hub
Affluent North London suburb
Nearby occupiers include Tesco Express, Domino’s, Pizza Hut, William Hill and a mix of independent retailers,restaurants and estate agents.

Lot
2
Auction
16th February 2023
Rent
£33,700 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

Interested?

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Freehold Retail and Residential Investment

Shop let to a Hairdressers until 2038 (1)
Includes a Self-Contained 3 bedroom Maisonette
Rear Storage Unit with Vacant Possession
Busy neighbourhood retailing hub
Affluent North London suburb
Nearby occupiers include Tesco Express, Domino’s, Pizza Hut, William Hill and a mix of independent retailers,restaurants and estate agents.

Lot 2
Auction 16th February 2023
Rent £33,700 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

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

Situation

Southgate is a popular and affluent North London suburb situated some 8 miles north of the City of London. The property is situated in a prominent position on the busy Hampden Square, a very busy roundabout junction and a neighbourhood retailing centre consisting of three separate retail parades. Nearby occupiers include Tesco Express, Domino’s, Pizza Hut, William Hill and a number of independent retailers including restaurants, estate agents and retail shops.

Tenure

Freehold.

Location

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

Situation

Tenure

Freehold.

Description

The property is a handsome mid terrace mixed use building comprising a ground floor retail unit and a self contained 3 x bedroom maisonette on the first and second floors. The maisonette is accessed from the rear of the property. The property benefits from a storage shed at the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Retail: C. Residential :D

Description

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Retail: C. Residential :D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reviews (Reversions)
Ground	Retail	65.12	(701)	INDIVIDUAL ON ASSIGNMENT FROM M & C HAIR AND BEAUTY LIMITED (CRN: 11300826) (t/a House of Hair) (1)	20 years from 24/06/2018 until 2038	£17,500	14/05/2025
Ground	Storgage Unit	32.52	(350)	-	-	Vacant possession (4)
First/Second	Residential - 3 bedroom maisonette	-	-	AN INDIVIDUAL	Let on Assured Shorthold Tenancy Agreement	£16,200 (2)
Total Approximate Commercial Floor Area		97.64	(1,051) (3)			£33,700

(1) The retail unit is let for a term of 20 years from 24th August 2018 until 2038 by virtue of a Reversionary lease for a term of 10 years from 24th June 2028 until 2038 and the original lease fro a term of 10 years from 24th June 2018 until 23rd June 2028. The Seller is holding a rent deposit of £7,750.
(2) As to the residential maisonette, the rent stated above has been annualised.
(3) 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/318423053
(4) The rear storage unit has been previously let for a rent of £2,500 per annum exclusive.

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.