TSB, 22-24 Church Street Enfield London EN2 6BE

TSB, 22-24 Church Street
Enfield
London
EN2 6BE

Freehold Commercial and Residential Investment

Comprises a Double Fronted Commercial Unit, 2 x 3 Bed Flats and 2 x 1 Bed Flats
Commercial Unit Let to TSB Bank PLC until 2030 (no breaks)
Trading as TSB since at Least 1988 (4)
Self Contained Flats Recently Refurbished
Popular and Thriving London Suburb
Adjacent to the Palace Gardens Shopping Centre
Neighbouring Occupiers include Waitrose, Marks and Spencer, Starbucks, McDonald's, Pret A Manger, JD Sports, H&M and Waterstones

Lot
9
Auction
9th July 2024
Rent
£135,400 per Annum Exclusive
With 2 Vacant Flats to Be Let
Status
Available
Guide*
Contact Us
Auction Venue
Live Streamed Auction

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Freehold Commercial and Residential Investment

Comprises a Double Fronted Commercial Unit, 2 x 3 Bed Flats and 2 x 1 Bed Flats
Commercial Unit Let to TSB Bank PLC until 2030 (no breaks)
Trading as TSB since at Least 1988 (4)
Self Contained Flats Recently Refurbished
Popular and Thriving London Suburb
Adjacent to the Palace Gardens Shopping Centre
Neighbouring Occupiers include Waitrose, Marks and Spencer, Starbucks, McDonald's, Pret A Manger, JD Sports, H&M and Waterstones

Lot 9
Auction 9th July 2024
Rent £135,400 per Annum Exclusive With 2 Vacant Flats to Be Let
Status Available
Guide* Contact Us
Sector
High Street Retail, Residential
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 11 miles north of the City of London
Roads: A110, A10, A406 (North Circular Road), M25
Rail: Enfield Town Railway Station
Air: London Stansted, London City, London Heathrow, London Luton

Situation

Enfield is a popular and thriving London suburb. The property is situated on the south side of the busy Church Street, adjacent to the main entrance of the major Palace Gardens Shopping Centre. Neighbouring occupiers include Waitrose, Marks and Spencer, Starbucks, McDonald's, Pret A Manger, JD Sports, H&M and Waterstones.

Tenure

Freehold.

Location

Miles: 11 miles north of the City of London
Roads: A110, A10, A406 (North Circular Road), M25
Rail: Enfield Town Railway Station
Air: London Stansted, London City, London Heathrow, London Luton

Situation

Tenure

Freehold.

Description

The property comprises a double fronted commercial unit on the ground and basement floors and 4 recently refurbished self-contained flats (2 x 3 bed and 2 x 1 bed) on the first, second and third floors. The flats are accessed from the rear of the property which is accessed through the entrance to the shopping centre.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

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 Basement	Bank Ancillary	224.24 74.43	(2,414) (801)	TSB BANK PLC (CRN: SC095237)(2)	Approximately 7 years from 18/09/2023 until 01/04/2030	£100,000	18/09/2028 (01/04/2030)
22a Church Street	1 x Bedroom Flat	-	(-)	AN INDIVIDUAL	Assured Shorthold Tenancy for 2 years from 13/05/2024	£15,000 (3)	(12/05/2026)
22b Church Street	3 x Bedroom Flat	-	(-)	AN INDIVIDUAL	Assured Shorthold Tenancy for 1 year from 20/05/2024	£20,400 (3)	19/05/2025
24a Church Street	1 x Bedroom Flat	-	(-)	VACANT POSSESSION	-	-	-
24b Church Street	3 x Bedroom Flat	-	(-)	VACANT POSSESSION	-	-	-
Total Approximate Commercial Floor Area		298.67	(3,215)			£135,400

(1) The above floor areas have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/150241053)
(2) For the year ending 31/12/2023, TSB Bank PLC (CRN:SC095237) reported a turnover of £2,098,000,000, a pre-tax profit of £235,500,000 and a net worth of £1,868,500,000 (source: Northrow 17/06/2024)
(3) The above rents have been annualised
(4) The unit has been occupied by either Lloyds TSB Bank PLC or TSB Bank PLC since at least 1988

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.