112 / 112a Darkes Lane Potters Bar Hertfordshire EN6 1AE

112 / 112a Darkes Lane
Potters Bar
Hertfordshire
EN6 1AE

Freehold Retail and Residential Invesment

  • Majority let to Bank of Scotland Plc
  • Asset Management Opportunities
  • Prominent town centre location close to Sainsbury's Local and Potters Bar Railway Station
  • Popular and affluent Hertfordshire Commuter Town
  • Lot
    21
  • Auction
    13th July 2017
  • Status
    Sold
  • Price
    £590,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

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

Freehold Retail and Residential Invesment

  • Majority let to Bank of Scotland Plc
  • Asset Management Opportunities
  • Prominent town centre location close to Sainsbury's Local and Potters Bar Railway Station
  • Popular and affluent Hertfordshire Commuter Town
  • Lot 21
  • Auction 13th July 2017
  • Status Sold
  • Price £590,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
7 miles south of Welwyn Garden City, 14 miles north of Central London
Roads
A1 (M) (Junction 1), M25 (Junction 24)
Rail
Potters Bar Railway Station
Air
London Luton and London Stansted Airports
Situation

The property occupies a prominent position on the western side of Darkes Lane, at its junction with Station Close, in the heart of the town centre. Nearby retailers include Sainsbury's Local, Boots the Chemist, Costa, JD Wetherspoon and a number of independent occupiers. Potters Bar Station is less than 200m away. Manor Road Car Park is nearby, providing car parking for about 125 cars.

Tenure

Freehold.

Location
Miles
7 miles south of Welwyn Garden City, 14 miles north of Central London
Roads
A1 (M) (Junction 1), M25 (Junction 24)
Rail
Potters Bar Railway Station
Air
London Luton and London Stansted Airports
Situation

The property occupies a prominent position on the western side of Darkes Lane, at its junction with Station Close, in the heart of the town centre. Nearby retailers include Sainsbury's Local, Boots the Chemist, Costa, JD Wetherspoon and a number of independent occupiers. Potters Bar Station is less than 200m away. Manor Road Car Park is nearby, providing car parking for about 125 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with a two bedroom residential flat above.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with a two bedroom residential flat above.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Lot Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
21 112 Ground Banking
Hall/Ancillary
(plus 2 car
parking spaces)
80.02 sq m
(861 sq ft)
BANK OF
SCOTLAND
PLC (1)
t/a Halifax
10 years from
24/10/2013 (2)
£20,750 24/10/2018
(23/10/2023)
112A First Residential - Two
bedroom flat
-
(-)
TWO
INDIVIDUALS
AST for 12
months from
02/07/2016
£9,000
(£750 pcm)
(01/07/2017)

(1) For the year ending 31st December 2016, Bank of Scotland Plc reported pre-tax profits of £3,395,000,000 and a total net worth of £13,338,000,000 (Source: Experian Group 12/06/2017).
(2) The lease is subject to a tenant only break option to determine in October 2018.

Property Documents

  • Site Plan
    Updated Date
    21.06.17
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    21.06.17
    File Size
    2 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

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
BPE Solicitors St. James' House, St. James' Square
Cheltenham
GL50 3PR
Nicola Corner 01242 224 433nicky.corner@bpe.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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