Retail Shop and a 3 Bedroom Self-Contained Maisonette
Popular London Commuter town
Busy Town Centre Location
Development potential on Rear Car Park (Subject to Consents)
VAT Free Investment
Neighbouring Occupiers Include Halifax, Greggs, Superdrug, TSB, Card Factory and Boots Pharmacy and Costa.
Lot 9
Auction 21st September 2023
Rent £25,000 per Annum Exclusive
Status Sold
Price £469,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north of Central London, 7 miles south of Welwyn Garden City,
Roads
A1 (M) (Junction 1), M25 (Junction 24)
Rail
Potters Bar Railway Station
Air
London Luton Airport , London Stansted Airport
Situation
The property occupies a prominent and strong trading position on the east side of Darkes Lane close to its junction with Station Close and in the heart of the town centre. Neighbouring retailers include Halifax, Greggs, Superdrug, TSB, Card Factory, Boots Pharmacy, Sainsbury's, Costa and a mix of independent retailers. Potters Bar Station is approximately 100m away to the south and Road Car Park is nearby, providing car parking for about 125 cars.
Tenure
Freehold.
Location
Miles
4 miles north of Central London, 7 miles south of Welwyn Garden City,
Roads
A1 (M) (Junction 1), M25 (Junction 24)
Rail
Potters Bar Railway Station
Air
London Luton Airport , London Stansted Airport
Situation
The property occupies a prominent and strong trading position on the east side of Darkes Lane close to its junction with Station Close and in the heart of the town centre. Neighbouring retailers include Halifax, Greggs, Superdrug, TSB, Card Factory, Boots Pharmacy, Sainsbury's, Costa and a mix of independent retailers. Potters Bar Station is approximately 100m away to the south and Road Car Park is nearby, providing car parking for about 125 cars.
Tenure
Freehold.
Description
The property comprises a lock up Retail accommodation on the ground floor and a 3 bedroom self contained maisonette on the first and second floor. The maisonette is accessed from the rear via The Service Road whcih also affords access to the rear Car Park that accommodates parking for 4 cars, 2 in tandem.
The Car Park may be suitable for development, subject to the required consents.
VAT
VAT is not applicable to this lot.
EPC
Retail See Legal Pack.
Maisonette: Band "C"
Description
The property comprises a lock up Retail accommodation on the ground floor and a 3 bedroom self contained maisonette on the first and second floor. The maisonette is accessed from the rear via The Service Road whcih also affords access to the rear Car Park that accommodates parking for 4 cars, 2 in tandem.
The Car Park may be suitable for development, subject to the required consents.
VAT
VAT is not applicable to this lot.
EPC
Retail See Legal Pack.
Maisonette: Band "C"
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
31.68
(341)
INDIVIDUAL (t/a Just Gents Barbers)
8 years from 29th September 2019 until 2027
£13,000
29/09/2023 (28/09/2027)
First Second
3 Bedroom Maisonette
-
(-)
INDIVIDUAL
Assured Shorthold Tenancy
£12,000
Total Approximate Commercial Floor Area
31.68
(341)
£25,000
(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/128042017) (2) The residential rent stated above has been annualised.
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.
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