20 Church Street Enfield London EN2 6BE

  • 20 Church Street<br>Enfield<br>London<br>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    Withdrawn Prior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  • Status Withdrawn Prior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

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.

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
3 Room Maisonette
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.

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
TLT Solicitors One Redcliff Street
Bristol
BS1 6TP
Philip Collis 0117 917 7977philip.collis@tltsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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