Shop let to Belview Limited (t/a Now Salon) on a 10 Year Lease until 2021
Comprises Two Residential Flats on upper floors let on ASTs
Prominent corner position on High Road
Nearby occupiers include M&S Simply Food, Waitrose, HSBC and Boots
Affluent North London suburb
Lot 3
Auction 11th December 2014
Rent £52,048 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
6 miles north of Central London 13 miles east of Watford
Roads
A1000, A406, A1, M1 (J2)
Rail
Totteridge & Whetstone Railway Station (38 minutes to London Waterloo)
Air
Heathrow and Luton Airport
Situation
The property is situated in a prominent corner location on the western side of the High Road, at its junction with St Margarets Avenue. The property is close to Totteridge & Whetstone Railway Station (fastest journey time of 38 minutes to London Waterloo) with other nearby occupiers including M&S Simply Food, Santander, Waitrose, HSBC and Boots.
Tenure
Freehold.
Location
Miles
6 miles north of Central London 13 miles east of Watford
Roads
A1000, A406, A1, M1 (J2)
Rail
Totteridge & Whetstone Railway Station (38 minutes to London Waterloo)
Air
Heathrow and Luton Airport
Situation
The property is situated in a prominent corner location on the western side of the High Road, at its junction with St Margarets Avenue. The property is close to Totteridge & Whetstone Railway Station (fastest journey time of 38 minutes to London Waterloo) with other nearby occupiers including M&S Simply Food, Santander, Waitrose, HSBC and Boots.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit, which is currently being used as a hair salon, with two self-contained residential flats on the first and second floors.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit, which is currently being used as a hair salon, with two self-contained residential flats on the first and second floors.
VAT
VAT is not 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
Review/(Reversion)
Ground
Retail
82.40 sq m
(883 sq ft)
BELVIEW LIMITED (1) (t/a Now Salon)
10 years from 04/11/2011 on a full repairing and insuring lease (2)
£25,000
04/11/2015 04/11/2019 (03/11/2021)
First
Residential
Not Measured
INDIVIDUAL
12 months AST from 28/08/2014
£14,040 (3)
Second
Residential
Not Measured
INDIVIDUAL
12 months AST 23/12/2014
£13,008 (3)
Total Commercial Floor Area
82.40 sq m
(883 sq ft)
£52,048
(1) Now Salon is a hairdressing salon, with a team offering 30 years’ experience. (Source: www.nowsalons.com 12/11/2014) (2)The lease provides an option to determine on the fifth anniversary of the term on six months’ written notice. (3)The rental income has been annualised.
