12-14 Church Street Enfield London EN2 6BE

12-14 Church Street
Enfield
London
EN2 6BE

Freehold Retail and Residential Investment

Comprises Retail unit and 7 self contained flats
Retail Unit let to British Heart Foundation until 2029
Important 2024 Rent Review outstanding
Major, Popular and Thriving London Suburb
Adjacent to the Palace Gardens Shopping Centre
Neighbouring occupiers include Starbucks, TSB Bank, Waterstones, McDonald's, Santander, Marks and Spencer, Pret a Manger, H&M, JD Sports and Savers.

Lot
15
Auction
27th March 2025
Rent
£179,964 per Annum Exclusive
Status
Sold
Price
£2,402,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Comprises Retail unit and 7 self contained flats
Retail Unit let to British Heart Foundation until 2029
Important 2024 Rent Review outstanding
Major, Popular and Thriving London Suburb
Adjacent to the Palace Gardens Shopping Centre
Neighbouring occupiers include Starbucks, TSB Bank, Waterstones, McDonald's, Santander, Marks and Spencer, Pret a Manger, H&M, JD Sports and Savers.

Lot 15
Auction 27th March 2025
Rent £179,964 per Annum Exclusive
Status Sold
Price £2,402,000
Sector
Retail, Residential, Mixed Use
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

The property is situated in a prominent position on the south side of Church Street, 50 metres east of the main entrance of the major Palace Gardens Shopping Centre. Neighbouring occupiers include Starbucks, TSB Bank, Waterstones, McDonald's, Santander, Marks and Spencer, Pret a Manger, H&M, JD Sports and Savers.

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 an attractive mixed use building with a lock up retail unit on the ground floor with ancillary accommodation in the basement. The upper parts comprise 7 self contained residential flats. The flats have a separate access at the front of the property.

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

Retail unit = Band C. All 7 residential EPC's are compliant with the MEES Regulations. See legal pack for individual EPC rating.

Description

VAT

VAT is not applicable to this lot.

Completion Period

6 Week Completion

EPC

Retail unit = Band C. All 7 residential EPC's are compliant with the MEES Regulations. See legal pack for individual EPC rating.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Review (Reversion)
Ground Basement	Retail Ancillary	181.03 83.14(1)	1949 895(1)	BRITISH HEART FOUNDATION (CRN: 00699547)(3)	10 years from 10/05/2019	£75,000	10/05/2024 (08/05/2029)
First to Third	1x Studio Flat 4 x 1 Bedroom Flat 2 x 2 Bedroom Flat	-	-	INDIVIDUALS	7 X Assured Shorthold Tenancies	£104,964 (2)	-
Total Approximate Commercial Floor Area		264.17	2844			£179, 964

(1) The above floor areas have been taken from the Valuation Office Agency https://www.tax.service.gov.uk/business-rates-find/valuations/start/6462668000
(2) As to the Residential Tenancies, each flat is let on a separate Assured Shorthold Tenancy, with a total annualised rent of £104,964 per annum exclusive for all 7 flats.
(3) For the year ending 31st March 2024 British Heart Foundation (crn 00699547) reported a Total Funds of £138,300,000. (Source: Annual Report and Accounts as published at Companies House. 3/03/2025)

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.