Sainsbury's Local, 55 - 59 High Road
Broxbourne
Hertfordshire
EN10 7HX

Substantial Modern Convenience Store Investment

  • Let to Sainsbury's Supermarkets Limited
  • Lease expires in March 2030 (subject to option)
  • Prominent High Road frontage with customer car parking to rear (3)
  • Popular Hertfordshire commuter town
  • Lot
    9
  • Auction
    07/Dec/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
  • Sainsbury's Local, 55 - 59 High Road<br>Broxbourne<br>Hertfordshire<br>EN10 7HX
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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.

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

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 advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundConvenience
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
£70,00006/03/2020
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.

Property Documents

  • Site Plan
    Updated Date
    14.11.17
    File Size
    856 KB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 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
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Bude Nathan Iwanier 1 - 2 Temple Fortune Parade
London
NW11 0QN
0208 458 5065
Booky Dubiner 0208 458 5656bd@bnilaw.co.uk

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