Entirely Let to McDonald’s Restaurants Limited until 2025
Neighbouring occupiers include Maplin, Vision Express, Starbucks and JD Sports
Opposite the Major Palace Gardens Shopping Centre
Lot 11
Auction 5th December 2013
Rent £137,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Restaurant
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 restaurant accommodation on the ground floor, dining accommodation and ancillary accommodation on the first floor and further ancillary accommodation on the second floor. The property benefits from rear access.
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, 18, 23, 39 & 43.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises restaurant accommodation on the ground floor, dining accommodation and ancillary accommodation on the first floor and further ancillary accommodation on the second floor. The property benefits from rear access.
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, 18, 23, 39 & 43.
VAT
VAT is 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 First (part) Second
Restaurant Restaurant Ancillary
190.40 sq m 164.70 sq m 116.10 sq m
(2,049 sq ft) (1,773 sq ft) (1,249 sq ft)
MCDONALD’S REAL ESTATE LLP (1)
25 years from 25/03/2000 until 2025 on a full repairing and insuring lease
£137,500
2015
Totals
471.20 sq m
(5,071 sq ft)
£137,500
(1) For the year ending 31st December 2012, McDonald’s Real Estate LLP reported a turnover of £85,329,000, pre-tax profits of £37,377,000 and a total net worth of £215,258,000. (Source: www.riskdisk.com 7th November 2013)
