Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles north-east of Highgate, 6 miles north of City of London, 7 miles north-east of London’s West End
Roads
A1, A10, A105, A406, A503
Rail
Wood Green Underground Station (Piccadilly Line), Turnpike Lane Underground Station Piccadilly Line)
Air
London City and London Heathrow Airports
Situation
Wood Green is a popular and busy North London suburb located 6 miles north of the City of London. The property is prominently situated on the northern side of the busy High Road close to Dovecote Avenue and approximately 100 metres from The Mall Shopping Centre which houses a 12 screen cinema and over 100 retailers including H&M, New Look, Next, TK Maxx, Topshop and Primark. Other nearby occupiers include Sainsbury’s, Marks & Spencer, Matalan, Lidl, Peacocks and McDonald’s.
Tenure
Freehold.
Location
Miles
3 miles north-east of Highgate, 6 miles north of City of London, 7 miles north-east of London’s West End
Roads
A1, A10, A105, A406, A503
Rail
Wood Green Underground Station (Piccadilly Line), Turnpike Lane Underground Station Piccadilly Line)
Air
London City and London Heathrow Airports
Situation
Wood Green is a popular and busy North London suburb located 6 miles north of the City of London. The property is prominently situated on the northern side of the busy High Road close to Dovecote Avenue and approximately 100 metres from The Mall Shopping Centre which houses a 12 screen cinema and over 100 retailers including H&M, New Look, Next, TK Maxx, Topshop and Primark. Other nearby occupiers include Sainsbury’s, Marks & Spencer, Matalan, Lidl, Peacocks and McDonald’s.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with ancillary accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 double fronted ground floor retail unit with ancillary accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 First Second
Retail/Ancillary Ancillary Ancillary
219.90 sq m 189.42 sq m 59.18 sq m
(2,367 sq ft) (2,039 sq ft) (637 sq ft)
HOLLAND & BARRETT RETAIL LIMITED (1)
20 years from 02/11/2009 until 2026 (2) on a full repairing and insuring lease (3)
£111,200
02/11/2019 and 02/11/2024
Totals
468.50 sq m
(5,043 sq ft)
£111,200
1) Holland & Barrett is the UK and Europe’s leading retailer of vitamins, minerals and herbal supplements and operate over 620 stores throughout the UK and Ireland. (Source: www.hollandandbarrett.com). For the year ending 30/09/2014, Holland & Barrett Retail Limited reported a turnover of £368,823,000, pre-tax profits of £89,463,000 and a total net worth of £260,473,000. (Source: www.riskdisk.com 21/08/2015) (2)The tenant occupies the property under a lease for an original term of 10 years from 2nd November 2009. In May 2012, this lease was extended so that the lease now expires on 1st November 2026 in return for a six month rent free period (now expired). (3)Part of the first floor and second floor are subject to a schedule of condition.