7 The Town
Enfield
London
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
  • VAT-free London investment
  • Lot
    19
  • Auction
    26/Mar/2020
  • Rent
    £53,480 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    Marble Arch
    London W1H 7TN
Important Auction & Property Update
  • 7 The Town<br>Enfield<br>London<br>EN2 6LE
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* 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 retail accommodation on the ground floor and ancillary accommodation in the 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.x.Review/
(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)Holding over
2SecondResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 1 year
from 19/11/2019
£5,520 (2)(18/11/2020)
3SecondResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 12/02/2020
£3,600 (2)(11/08/2020)
4ThirdResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 1 year
from 1/01/2020
£5,640 (2)(31/12/2020)
5ThirdResidential
One Bedroom/
Shower Room
VACANT---
6FourthResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 19/08/2018
£3,640 (2)Holding over
7FourthResidential
One Bedroom/
Shower Room
AN INDIVIDUALAST for 6 months
from 21/03/2019
£4,800 (2)Holding over
Total Commercial Area
50.95 sq m
(548 sq ft)
  53,480 

(1) A six month rent deposit is held by the vendor.
(2) The rent has been annualised.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    24.03.20
    File Size
    52 MB
    Login to View
  • Catalogue Page
    Updated Date
    04.03.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    04.03.20
    File Size
    556 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    20.05.20
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regent Street
London
W1B 2AD
Mark Hurst +44 (0)20 7355 6024mark.hurst@hamlins.com

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