Unit 16 Lumina Park Enfield EN1 1SW

Unit 16
Lumina Park
Enfield
EN1 1SW

Modern Motor Trade Investment

Entirely let to Halfords Autocentres Limited
until 2028
RPI linked Rent Reviews in 2018 and 2023
Nearby occupiers include Travelodge, BMW Jemca Toyota, Big Yellow Storage and City Electrical Factors
Located on the modern Lumina Business Park
Benefits from Car Parking and Electric Roller Shutter Door
Six Week Completion

Lot
27
Auction
17th October 2013
Rent
£47,700 per Annum Exclusive
Status
Sold
Price
£835,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

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Modern Motor Trade Investment

Entirely let to Halfords Autocentres Limited
until 2028
RPI linked Rent Reviews in 2018 and 2023
Nearby occupiers include Travelodge, BMW Jemca Toyota, Big Yellow Storage and City Electrical Factors
Located on the modern Lumina Business Park
Benefits from Car Parking and Electric Roller Shutter Door
Six Week Completion

Lot 27
Auction 17th October 2013
Rent £47,700 per Annum Exclusive
Status Sold
Price £835,000
Sector
Motor Trade, Petrol Station
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 11 miles north of Central London, 20 miles east of Watford, 28 miles west of Chelmsford
Roads: A10, M25 (Jct 25), A406, A110,
Rail: Southbury Station, Bush Hill Park Station (30 mins to London Liverpool Street)
Air: London City Airport

Situation

The property is situated within the modern Lumina Business Park, a mixed use commercial development located on the Great Cambridge Road (A10) which leads directly into Central London and links with both the A406 to the south and Junction 25 of the M25 to the north. Nearby occupiers include Travelodge, BMW Jemca
Toyota, Big Yellow Storage and City Electrical Factors.

Tenure

Freehold.

Location

Miles: 11 miles north of Central London, 20 miles east of Watford, 28 miles west of Chelmsford
Roads: A10, M25 (Jct 25), A406, A110,
Rail: Southbury Station, Bush Hill Park Station (30 mins to London Liverpool Street)
Air: London City Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey motor trade unit. The property benefits from an eaves height of 6m, an electrical roller shutter door and parking on the estate.

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 a single storey motor trade unit. The property benefits from an eaves height of 6m, an electrical roller shutter door and parking on the estate.

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	Motor Trade	325 sq m	(3,500 sq ft)	HALFORDS AUTOCENTRES LIMITED (1)	15 years from 03/06/2013 until 02/06/2028 on a full repairing and insuring lease	£47,700	03/06/2018 and 03/06/2023 (2)
Totals		325 sq m	(3,500 sq ft)			£47,700 with minimum fixed increases in 2018 and 2023 (2)

(1) For the year ending 30th March 2012, Halfords Autocentres Limited, a subsidiary of Halfords Group Plc, reported a turnover of £110,784,000, pre-tax profits of £3,803,000 and a total net worth of £28,529,000. (Source: www.riskdisk.com 18/09/2013)
(2) The lease provides for the rent to be increased five yearly in line with the RPI, subject to a minimum of 1% and a maximum of 3%.