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 26th March 2020
Rent £53,480 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
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.
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
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
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent 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
£25,000
24/06/2021 (23/06/2026)
1
First
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 07/09/2018
£5,280 (2)
Holding over
2
Second
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 1 year from 19/11/2019
£5,520 (2)
(18/11/2020)
3
Second
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 12/02/2020
£3,600 (2)
(11/08/2020)
4
Third
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 1 year from 1/01/2020
£5,640 (2)
(31/12/2020)
5
Third
Residential
One Bedroom/ Shower Room
VACANT
-
-
-
6
Fourth
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST for 6 months from 19/08/2018
£3,640 (2)
Holding over
7
Fourth
Residential
One Bedroom/ Shower Room
AN INDIVIDUAL
AST 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
