20 Church Street Enfield London EN2 6BE

20 Church Street
Enfield
London
EN2 6BE

Freehold Retail and Residential Investment

Entirely Let to Travelex Global and Financial Services Limited (t/a Thomas Cook)
Active management and Residential redevelopment potential of the upper parts (subject to consents)
Includes a self-contained Maisonette
Neighbouring occupiers include Maplin, McDonald’s, Starbucks and JD Sports
30 metres from the major Palace Gardens Shopping Centre

Lot
43
Auction
5th December 2013
Rent
£65,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers

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Freehold Retail and Residential Investment

Entirely Let to Travelex Global and Financial Services Limited (t/a Thomas Cook)
Active management and Residential redevelopment potential of the upper parts (subject to consents)
Includes a self-contained Maisonette
Neighbouring occupiers include Maplin, McDonald’s, Starbucks and JD Sports
30 metres from the major Palace Gardens Shopping Centre

Lot 43
Auction 5th December 2013
Rent £65,000 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Status Withdrawn Prior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 south side of the busy Church Street 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 south side of the busy Church Street 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 ancillary accommodation in the basement and on the first floor. There is also a self-contained maisonette on the second and third floor which is separately accessed from the rear.

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.

Other Units in this parade are being offered as Lots 7, 11, 18, 23 & 39.

VAT

VAT is not applicable to this lot.

EPC

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

Description

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	Reversion
Ground Basement First Second and Third	Retail Ancillary Ancillary Residential Residential	99.70 sq m 37.70 sq m 44.50 sq m	(1,073 sq ft) (406 sq ft) (480 sq ft)	TRAVELEX GLOBAL AND FINANCIAL SERVICES LIMITED t/a Thomas Cook (1) (2)	25 years from 20/01/1984 on a full repairing and insuring lease	£65,000	Currently holding over
Ground Basement First Second and Third	Retail Ancillary Ancillary Residential Residential	3 Room Maisonette				£65,000	Currently holding over
Total Commercial Floor Area		181.90 sq m	(1,959 sq ft)			£65,000

(1) For the year ending 31st Decemeber 2012, Travelex Global and Financial Services Limited (formerly known as Thomas Cook Group Limited) reported a turnover of £1,863,000, pre-tax profits of £35,642,,000 and a total net worth of £199,348,000. (Source: www.riskdisk.com 7th November 2013)
(2) The tenant has sublet the maisonette on an Assured Shorthold Tenancy.