116 Darkes Lane Potters Bar Hertfordshire EN6 1AE

  • 116 Darkes Lane<br>Potters Bar<br>Hertfordshire<br>EN6 1AE

116 Darkes Lane
Potters Bar
Hertfordshire
EN6 1AE

Freehold Retail Investment (with Residential Uppers)

  • Entirely let to Oxfam
  • New 10 year lease agreed (subject to option) (2)
  • Asset Management Opportunities
  • Prominent town centre location close to Sainsbury's Local and Potters Bar Railway Station
  • Popular and affluent Hertfordshire Commuter Town
  • Lot
    23
  • Auction
    13th July 2017
  • Rent
    £28,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £530,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment (with Residential Uppers)

  • Entirely let to Oxfam
  • New 10 year lease agreed (subject to option) (2)
  • Asset Management Opportunities
  • Prominent town centre location close to Sainsbury's Local and Potters Bar Railway Station
  • Popular and affluent Hertfordshire Commuter Town
  • Lot 23
  • Auction 13th July 2017
  • Rent £28,000 per Annum Exclusive
  • Status Sold
  • Price £530,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
7 miles south of Welwyn Garden City, 14 miles north of Central London
Roads
A1 (M) (Junction 1), M25 (Junction 24)
Rail
Potters Bar Railway Station
Air
London Luton and London Stansted Airports
Situation

The property occupies a prominent position on the western side of Darkes Lane, at its junction with Station Close, in the heart of the town centre. Nearby retailers include Sainsbury's Local, Boots the Chemist, Costa, JD Wetherspoon and a number of independent occupiers. Potters Bar Station is less than 200m away. Manor Road Car Park is nearby, providing car parking for about 125 cars.

Tenure

Freehold.

Location
Miles
7 miles south of Welwyn Garden City, 14 miles north of Central London
Roads
A1 (M) (Junction 1), M25 (Junction 24)
Rail
Potters Bar Railway Station
Air
London Luton and London Stansted Airports
Situation

The property occupies a prominent position on the western side of Darkes Lane, at its junction with Station Close, in the heart of the town centre. Nearby retailers include Sainsbury's Local, Boots the Chemist, Costa, JD Wetherspoon and a number of independent occupiers. Potters Bar Station is less than 200m away. Manor Road Car Park is nearby, providing car parking for about 125 cars.

Tenure

Freehold.

Description

The property comprises a ground floor shop with a residential flat above.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with a residential flat above.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Lot Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
23 116 Ground
First		 Retail/Ancillary
Residential - Two
bedroom flat
76.73 sq m
(826 sq ft)
 OXFAM (1) 10 years from
30/05/2017 (2)		 £28,000 (2) 30/05/2022

(1) For the year ending 31st March 2016, Oxfam reported pre-tax profits of £5,600,000 and a total net worth of £82,800,000 (Source: Experian Group 12/06/2017).
(2) This lease has been agreed, but not yet completed.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
BPE Solicitors St. James' House, St. James' Square
Cheltenham
GL50 3PR
Nicola Corner 01242 224 433nicky.corner@bpe.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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