7 The Town
Enfield
EN2 6LE

Freehold Retail and Residential Investment

  • Hairdresser/beauty salon with seven
  • self-contained residential units above
  • Prominent location close to Enfield Town Railway Station
  • Close to entrance to Palace Gardens Shopping Centre with retailers including Waitrose,
  • Boots the Chemist, Marks & Spencer, TK Maxx and H&M Clothing
  • VAT-free London Investment
  • Lot
    7
  • Auction
    23/May/2019
  • Rent
    £52,299 per Annum Exclusive
  • Status
    Available
  • Price*
    £750,000 - £775,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 7 The Town<br>Enfield<br>EN2 6LE
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
6 miles east of Barnet
12 miles north of Central London
Roads
A10, A110, M25 (Junction 25)
Rail
Enfield Town Railway Station (approximately
34 mins to London Liverpool Street)
Air
London City Airport, London Stansted Airport
Situation

The property is located in an excellent trading location on the southern side of The Town, between Church Street and London Road and approximately 150m west of Enfield Town Railway Station. Palace Gardens Shopping Centre is located close by, with retailers including Waitrose, Boots the Chemist, Lidl, Marks & Spencer, TK Maxx, WH Smith and Waterstones.

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground and basement, with separately accessed residential accommodation on first, second, third and fourth floors (arranged as an HMO) comprising seven one bedroom residential units all with en-suite shower rooms and a shared kitchen. The residential accommodation is separately accessed from The Town.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
 Ground
Basement
Retail
Ancillary
28.17 sq m
22.78 sq m
(303 sq ft)
(245 sq ft)
J ADEWALE
t/a Hairwaves
Beauty Centre (1)
15 years from
24/06/2011
£25,00024/06/2021
(23/06/2026)
1FirstResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 07/09/2018
£5,280 (2)(06/03/2019)
2SecondResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 19/08/2018
£5,400 (2)(18/02/2019)
3SecondResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 08/04/2017
£3,379.92
(2)
(07/10/2017)
4ThirdResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 04/04/2018
£4,800 (2)(03/10/2018)
5ThirdResidential
One Bedroom/
Shower Room
VACANT
6FourthResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 19/08/2018
£3,640 (2)(18/02/2019)
7FourthResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 21/03/2019
£4,800 (2)(20/09/2019)
Total Commercial Area
50.95 sq m
(548 sq ft)
  £52,299.92 

(1) A six month rent deposit is held by the Vendor.
(2) Annualised rents.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    14.05.19
    File Size
    25 MB
    Login to View
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    628 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher 020 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Hamlins Roxburghe House273-287 Regent Street
London
W1B 2AD
Mark Hurst +44 (0)20 7355 6024mark.hurst@hamlins.com

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