7 Church Street Enfield Greater London EN2 6AF

7 Church Street
Enfield
Greater London
EN2 6AF

Freehold Retail and Residential Investment

  • Ground floor let to Starbucks Coffee Company (UK) Limited until 2023 (no breaks)
  • Two residential flats on upper floors let on a long lease
  • Opposite the major Palace Gardens Shopping Centre
  • Neighbouring occupiers include Maplin, McDonald’s, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero
  • Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
  • Lot
    4
  • Auction
    11th December 2014
  • Rent
    £77,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On the instructions of a Major Fund
Important Update
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  • Map

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

Freehold Retail and Residential Investment

  • Ground floor let to Starbucks Coffee Company (UK) Limited until 2023 (no breaks)
  • Two residential flats on upper floors let on a long lease
  • Opposite the major Palace Gardens Shopping Centre
  • Neighbouring occupiers include Maplin, McDonald’s, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero
  • Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
  • Lot 4
  • Auction 11th December 2014
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On the instructions of a Major Fund

Property Information

Location
Miles
11 miles north of the City of London
Roads
A110, A10, A406 (North Circular Road), M25
Rail
Enfield Town Railway Station
Air
London Stansted, London City, London Heathrow, London Luton
Situation

The property is situated in a prime position on the north side of the busy Church Street at the junction of Burleigh Way some 50 metres from the main entrance to the major Palace Gardens Shopping Centre. Neighbouring occupiers include Maplin, McDonald’s, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero.

Tenure

Freehold.

Location
Miles
11 miles north of the City of London
Roads
A110, A10, A406 (North Circular Road), M25
Rail
Enfield Town Railway Station
Air
London Stansted, London City, London Heathrow, London Luton
Situation

The property is situated in a prime position on the north side of the busy Church Street at the junction of Burleigh Way some 50 metres from the main entrance to the major Palace Gardens Shopping Centre. Neighbouring occupiers include Maplin, McDonald’s, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with 2 self-contained flats on the first floor and the second floors which have been let on a long lease. The property benefits from being a corner building and having a return frontage to Burleigh Way.

Legal Title 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 a ground floor retail unit with 2 self-contained flats on the first floor and the second floors which have been let on a long lease. The property benefits from being a corner building and having a return frontage to Burleigh Way.

Legal Title 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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground Retail
150.30 sq m
(1,618 sq ft)
STARBUCKS COFFEE COMPANY (UK) LIMITED (1) 10 years from 05/04/2013 on a full repairing and insuring lease £77,500 (2) 05/04/2018
First &
Second
Residential
-
-
- 999 years Peppercorn  
Total Commercial Floor Area  
150.30 sq m
(1,618 sq ft)
    £77,500 (2)

(1) For the year ending 29th September 2013, Starbucks Coffee Company (UK) Limited reported a turnover of £399,405,183, pre-tax profits of negative -£20,465,123 and a total net worth of £43,838,060 (Source: www.riskdisk.com 11/11/2014). Starbucks operates in over 50 countries and has a total of 17,009 stores (as at 2nd January 2011). (Source: www.starbucks.co.uk)
(2)The tenant is currently benefitting from a personal rent concession of £8,225 p.a.x., so the tenant is currently paying £69,275 p.a.x.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    73 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    616 KB
    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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Olswang LLP 90 High Holborn
London
WC1V 6XX
Simon Kanter 020 7067 3741simon.kanter@olswang.com

Useful Links

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

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