23 / 25 Swain's Lane Highgate London N6 6QX

23 / 25 Swain's Lane
Highgate
London
N6 6QX

Freehold Retail and Residential Investment

  • Retail let to Tesco Stores Limited until 2023 (subject to option)
  • Highly affluent North London suburb
  • Prominent corner position in residential neighbourhood
  • Approximately 140 metres east of Hampstead Heath
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    4
  • Auction
    19th May 2016
  • Rent
    £41,230 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,005,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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  • Map

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

Freehold Retail and Residential Investment

  • Retail let to Tesco Stores Limited until 2023 (subject to option)
  • Highly affluent North London suburb
  • Prominent corner position in residential neighbourhood
  • Approximately 140 metres east of Hampstead Heath
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 4
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £1,005,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
3 miles north of Regent’s Park, 4 miles north of Central London
Roads
A1, A406 (North Circular) Road, M1
Rail
Tufnell Park Underground Station (Northern Line)
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation

The property is situated in a prominent corner position on the north side of Swain’s Lane and at its junction with the entrance to the Holly Lodge Estate, in a highly affluent North London suburb and some 140 metres east of Hampstead Heath.

Tenure

Freehold.

Location
Miles
3 miles north of Regent’s Park, 4 miles north of Central London
Roads
A1, A406 (North Circular) Road, M1
Rail
Tufnell Park Underground Station (Northern Line)
Air
London City Airport, London Heathrow Airport, London Gatwick Airport
Situation

The property is situated in a prominent corner position on the north side of Swain’s Lane and at its junction with the entrance to the Holly Lodge Estate, in a highly affluent North London suburb and some 140 metres east of Hampstead Heath.

Tenure

Freehold.

Description

The property comprises a double fronted retail unit on the ground floor and 4 self-contained residential flats on the first and second floors. The flats are accessed from the front and side of the property.

Planning permission was granted for the redevelopment of a neighbouring block for a new commercial redevelopment and new residential development, which will further enhance the attraction of the retail destination. See London Borough of Camden Planning Reference 2013/6674/P for further details.

Six Week Completion

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 double fronted retail unit on the ground floor and 4 self-contained residential flats on the first and second floors. The flats are accessed from the front and side of the property.

Planning permission was granted for the redevelopment of a neighbouring block for a new commercial redevelopment and new residential development, which will further enhance the attraction of the retail destination. See London Borough of Camden Planning Reference 2013/6674/P for further details.

Six Week Completion

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 Reviews/Reversion
Ground Retail
209.59 sq m
(2,256 sq ft) (4)
TESCO STORES
LIMITED (1)
15 years from 25/03/2008
until 2023 (2)
£41,000 25/03/2018
(24/03/2023)
First & Second Residential
4 x Self-Contained Flats
INDIVIDUALS 3 x 125 years from 1987
1 x 125 years from 2016 (3)
£230 3 are reviewed in
2037 and 1 in 2041
Total Commercial Area
209.59 sq m
(2,256 sq ft)
  £41,230

(1) Tesco is one of the largest supermarket chains in the UK, with over 3,500 stores and over 310,000 employees. (Source: www.tescoplc.com)
(2) The lease provides for a tenant option to determine the lease on 24th March 2018.
(3) The seller has served a notice on the residential tenants, pursuant to Section 5B of the Landlord and Tenant Act 1987.
(4) The floor area stated above is stated in the lease for rent review purposes.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    930 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    44 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
Associate Auctioneers
Bidwells LLP 25 Old Burlington Street
London
W1S 3AN
Katherine Ilett 0203 761 3633katherine.ilett@bidwells.co.uk
Seller's Solicitors
HRJ Forman Laws Solicitors 25 Bancroft
Hitchin
Hertfordshire
SG5 1JW
Nicholas Davies 01462 471 542 nicholas.davies@hrjforemanlaws.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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