Entirely let to Starbucks Coffee Company (UK) Limited
Includes 2 self-contained 2 bedroom flats
Residential redevelopment potential (subject to consents)
Neighbouring occupiers include Maplin, McDonalds, Vision Express and JD Sports
Opposite the Major Palace Gardens Shopping Centre
Lot 7
Auction 5th December 2013
Rent £90,646 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle Acting as Joint LPA Receivers
Property Information
Location
Miles
11 miles north of the City of London
Roads
A110, A10, A406 (North Circular Road), M25
Rail
Enfield Town
Air
London Stansted, London City, London Heathrow, London Luton
Situation
The property is situated in 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.
Tenure
Freehold.
Location
Miles
11 miles north of the City of London
Roads
A110, A10, A406 (North Circular Road), M25
Rail
Enfield Town
Air
London Stansted, London City, London Heathrow, London Luton
Situation
The property is situated in 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.
Tenure
Freehold.
Description
The property comprises a ground floor retail accommodation and 2 self-contained 2 bedroom flats on the first floor and the second floor. The property benefits from being a corner building and having a return frontage to Burleigh Way. The flats are separately accessed from the Burleigh Way.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act
Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 accommodation and 2 self-contained 2 bedroom flats on the first floor and the second floor. The property benefits from being a corner building and having a return frontage to Burleigh Way. The flats are separately accessed from the Burleigh Way.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act
Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 5th April 2013 on a full repairing and insuring lease
£77,500
5th April 2018
First
Residential
2 Bedroom Flat
INDIVIDUALS
Assured Shorthold Tenancy
£9,900
Second
Residential
2 Bedroom Flat
INDIVIDUALS
Regulated Tenancy
£3,246
Totals
150.30 sq m
(1,618 sq ft)
£90,646
(1) For the year ending 30th September 2012, Starbucks Coffee Company (UK) Limited reported a turnover of £413,392,826, pre tax profits of negative -£30,403,907 and a total net worth of £51,975,514 (Source: www.riskdisk.com 7/11/2013). Starbucks operates in over 50 countries and has a total of 17,009 stores (as at 2nd January 2011). (Source: www.starbucks.co.uk)
