1, 2, 8 & 9 Clayton Parade Turners Hill, Waltham Cross Cheshunt Hertfordshire EN8 8NQ

1, 2, 8 & 9 Clayton Parade
Turners Hill, Waltham Cross
Cheshunt
Hertfordshire
EN8 8NQ

Freehold Retail & Residential Investment

  • Comprises two retail units and 4 residential flats let on ASTs
  • Popular commuter town 16 miles from Central London served by the A10, M11 and M25 and 25 minutes via rail to London Liverpool Street
  • Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    24
  • Auction
    11th February 2016
  • Rent
    £53,940 per Annum Exclusive
  • Status
    Sold
  • Price
    £852,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail & Residential Investment

  • Comprises two retail units and 4 residential flats let on ASTs
  • Popular commuter town 16 miles from Central London served by the A10, M11 and M25 and 25 minutes via rail to London Liverpool Street
  • Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 24
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £852,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
16 miles north of Central London
Roads
A10, M11, M25
Rail
Cheshunt Railway Station
Air
London City Airport, London Stansted Airport
Situation

Cheshunt is a popular commuter town some 16 miles north of Central London and served by the A10 and M25. The property is situated on the west side of Turners Hill in Cheshunt town centre. Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs.

Tenure

Freehold.

Location
Miles
16 miles north of Central London
Roads
A10, M11, M25
Rail
Cheshunt Railway Station
Air
London City Airport, London Stansted Airport
Situation

Cheshunt is a popular commuter town some 16 miles north of Central London and served by the A10 and M25. The property is situated on the west side of Turners Hill in Cheshunt town centre. Nearby occupiers include Tesco Metro, Boots Optician, JD Wetherspoon and Greggs.

Tenure

Freehold.

Description

The property comprises two ground floor retail units with 4 self contained one bedroom residential flats over first and second floors accessed from the rear.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 not applicable to this lot.

EPC

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

Description

The property comprises two ground floor retail units with 4 self contained one bedroom residential flats over first and second floors accessed from the rear.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 not applicable to this lot.

EPC

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

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
1 Ground Retail/Ancillary
89.47 sq m
(963 sq ft)
INDIVIDUAL
(t/a Lavas)
15 years from 24/06/2013
until 23/06/2028
£13,500 24/06/2018
24/06/2023
(23/06/2028)
2 Ground Retail/Ancillary
88.78 sq m
(956 sq ft)
INDIVIDUAL
(t/a Lavish)
16 years from 06/12/2004 £11,000 06/12/2012
06/12/2016
(05/12/2020)
8a First Residential
1 Bedroom Flat
INDIVIDUAL AST - 6 months from
15/06/2015
£7,800 Holding over
8b First Residential
1 Bedroom Flat
INDIVIDUAL AST - 12 months from
07/12/2005
£7,080 Holding over
9a First Residential
1 Bedroom Flat
INDIVIDUAL AST - 12 months from
16/01/2011
£6,760 Holding over
9b First Residential
1 Bedroom Flat
INDIVIDUAL AST - 12 months from
23/12/2015
£7,800 (22/12/2016)
Total Commercial Area  
178.25 sq m
(1,919 sq ft)
    £53,940

NB The Assured Shorthold Tenancy rents have been annualised

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    51 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Adam Reed 0113 283 2500adam.reed@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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