Entirely let to McDonald’s Real Estate LLP until 2025 (no breaks)
Substantial property totalling approximately 471.20 sq m (5,064 sq ft) in popular North London location
Opposite the major Palace Gardens Shopping Centre
Neighbouring occupiers include Maplin, Starbucks, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
Lot 15
Auction 11th December 2014
Rent £137,000 per Annum Exclusive
Status Sold Prior
Price
Sector Restaurant
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the instructions of a Major Fund
Property Information
Location
Miles
11 Miles north of the City of London
Roads
A110, A10, A406 (North Circular Road), M25
Rail
Enfield Town Railway Station
Air
London Stansted, London City, London Heathrow, London Luton
Situation
The property is situated in a 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. Neighbouring occupiers include Maplin, Starbucks, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero.
Tenure
Freehold.
Location
Miles
11 Miles north of the City of London
Roads
A110, A10, A406 (North Circular Road), M25
Rail
Enfield Town Railway Station
Air
London Stansted, London City, London Heathrow, London Luton
Situation
The property is situated in a 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. Neighbouring occupiers include Maplin, Starbucks, Santander, Morrisons, Waitrose, Foxtons and Caffè Nero.
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.
Legal Title 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 available here.
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.
Legal Title 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 available here.
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 Second
Restaurant Restaurant/Ancillary Ancillary
190.40 sq m 164.70 sq m 116.10 sq m
(2,049 sq ft) (1,766 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
£137,000
25/03/2015 and 5 yearly
Totals
471.20 sq m
(5,064 sq ft)
£137,000
(1) For the year ending 31st December 2013, McDonald’s Real Estate LLP reported a turnover of £87,333,000, pre-tax profits of £37,871,000 and a total net worth of £253,129,000. (Source: www.riskdisk.com 11/11/2014)