Includes Ground Floor Retail Shop and 5 Room Self Contained Maisonette
Retail Let Until May 2028
Popular North West London Location
200m from Burnt Oak Tube Station
Nearby occupiers include Savers, Costa Coffee, Poundland and an eclectic mix of local retailers
VAT Free Investment
Lot 6
Auction 13th July 2023
Rent £45,400 per Annum Exclusive
Status Sold Post
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, London Gatwick Airport
Situation
The property is located on the east side of the busy Watling Avenue, in the popular North West London suburb of Burnt Oak. Neighbouring occupiers include Savers, Costa Coffee, Poundland and an eclectic mix of local retailers.
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, London Gatwick Airport
Situation
The property is located on the east side of the busy Watling Avenue, in the popular North West London suburb of Burnt Oak. Neighbouring occupiers include Savers, Costa Coffee, Poundland and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with a self contained 5 room maisonette on the first and second floors. The residential uppers are accessed from a separate entrance to the rear of the property via Market Lane.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Retail - D
Maisonette - E
Description
The property comprises ground floor retail accommodation with a self contained 5 room maisonette on the first and second floors. The residential uppers are accessed from a separate entrance to the rear of the property via Market Lane.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
Retail - D
Maisonette - E
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Retail
59.65
(642)
Arsalan Collection Ltd (crn11859970) with personal Guarantee t/a Arsalan Collection.
9 years from 30/05/2019
£25,000
30/05/2022 (2), 30/05/2025 (29/05/2028)
First Second
Residential - 5 room maisonette
- -
- -
AN INDIVIDUAL
Let on an Assured Shorthold Tenancy Agreement for 1 year from 01/06/2023
£20,400
-
Total Approximate Commercial Floor Area
59.65
(642)
£45,400
(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/403609053) (2) The commercial rent review from 30/05/2022 remains outstanding
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.
