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.
