67 High Road Wood Green London N22 6BU

67 High Road
Wood Green
London
N22 6BU

Freehold Bank Investment

Let to Santander UK plc for 60 years until 2037
Busy and popular suburb of North London
Nearby occupiers include Barclays, Sainsburys, Dorothy Perkins, Marks & Spencer
Six Week Completion Available

Lot
5
Auction
10th July 2012
Rent
£66,000 per Annum Exclusive
Status
Sold
Price
£1,185,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund

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Freehold Bank Investment

Let to Santander UK plc for 60 years until 2037
Busy and popular suburb of North London
Nearby occupiers include Barclays, Sainsburys, Dorothy Perkins, Marks & Spencer
Six Week Completion Available

Lot 5
Auction 10th July 2012
Rent £66,000 per Annum Exclusive
Status Sold
Price £1,185,000
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of a Major Fund

Property Information

Location

Miles: 5 miles north of the City of London
Roads: A1, A10, A406 (North Circular), A503
Rail: Turnpike Lane Tube (Piccadilly Line), Wood Green Tube (Piccadilly Line), Hornsey Rail
Air: London City, London Heathrow, London Luton, London Stansted

Situation

Wood Green is a popular North London suburb that benefits from strong rail, tube and road links. The property is situated in a prime position on High Road, close to Wood Green Shopping Centre located nearby. Opposite the property, occupiers include Barclays Sainsburys, Dorothy Perkins, Marks & Spencer.

Tenure

Freehold.

Location

Miles: 5 miles north of the City of London
Roads: A1, A10, A406 (North Circular), A503
Rail: Turnpike Lane Tube (Piccadilly Line), Wood Green Tube (Piccadilly Line), Hornsey Rail
Air: London City, London Heathrow, London Luton, London Stansted

Situation

Tenure

Freehold.

Description

The property comprises banking hall accommodation on the ground floor with office accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises banking hall accommodation on the ground floor with office accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Ground First Second	Retail Ancillary Office Office	73.2 sq m 15.8 sq m 54.4 sq m 52.0 sq m	(788 sq ft) (170 sq ft) (585 sq ft) (560 sq ft)	SANTANDERUK PLC (1) (2)	60 years from 26/04/1977 until 2037	£66,000	26/04/2017 (3)
Totals		195.4 sq m	(2,103 sq ft)			£66,000

(1) For the year ending 31st December 2011, Santander UK plc reported a pre-tax profit of £1,261,000,000 and a total net worth of £10,524,000,000. (Source: www.riskdisk.com 12/06/2012)
(2)The first and second floors have been sublet to Russell Wise Solicitors Limited.
(3)Subsequent rent reviews are to be on dates to be agreed between landlord and tenant. The Vendor understands that historically, rent reviews have been five yearly.