32 Watling Avenue Burnt Oak London HA8 0LR

32 Watling Avenue
Burnt Oak
London
HA8 0LR

Freehold Retail and Residential Investment

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
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

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

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

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.