Prominent High Road frontage with customer car parking to rear (3)
Popular Hertfordshire commuter town
Lot 9
Auction 7th December 2017
Rent £70,000 per Annum Exclusive
Status Sold
Price £1,250,000
Sector Supermarket
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
4 miles north of Cheshunt, 18 miles north of Central London
Roads
A10, A414, A1170, M25 (Junction 25)
Rail
Broxbourne Railway Station (31 minutes to London Liverpool Street)
Air
London Stansted Airport
Situation
Broxbourne is a popular Hertfordshire commuter town, located to the west of the Lea Valley. The property is situated on the eastern side of High Road Broxbourne (A1170), north of its junction with Station Road. There are a number of
independent operators on High Road Broxbourne, with the surrounding area being predominantly residential. Broxbourne Station is located 0.5 miles away.
Tenure
Virtual Freehold. For a term of 999 years from 25/05/2017 at a peppercorn rent.
Location
Miles
4 miles north of Cheshunt, 18 miles north of Central London
Roads
A10, A414, A1170, M25 (Junction 25)
Rail
Broxbourne Railway Station (31 minutes to London Liverpool Street)
Air
London Stansted Airport
Situation
Broxbourne is a popular Hertfordshire commuter town, located to the west of the Lea Valley. The property is situated on the eastern side of High Road Broxbourne (A1170), north of its junction with Station Road. There are a number of
independent operators on High Road Broxbourne, with the surrounding area being predominantly residential. Broxbourne Station is located 0.5 miles away.
Tenure
Virtual Freehold. For a term of 999 years from 25/05/2017 at a peppercorn rent.
Description
The property comprises a modern ground floor convenience store which forms part of a larger building. The lease provides for a right to park 23 motor vehicles.
VAT
VAT is 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 modern ground floor convenience store which forms part of a larger building. The lease provides for a right to park 23 motor vehicles.
VAT
VAT is 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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Convenience Store
443.01 sq m
(4,768 sq ft)
SAINSBURY’S SUPERMARKETS LIMITED
15 years from 06/03/2015 until 05/03/2030 (2) on a full repairing and insuring lease
£70,000
06/03/2020 06/03/2025
Totals
443.01 sq m
(4,768 sq ft)
£70,000
(1) For the year ending 12th March 2016, Sainsbury's Supermarkets Limited reported a turnover of £23,168,000,000, pre-tax profits of £406,000,000 and a total net worth of £4,458,000,000 (Source: Experian Group 31/10/2017). (2) The lease provides for a tenant option to determine on 06/03/2025 and an option to renew at the end of the lease (3) The lease provides for a right to park 23 motor vehicles.
