31, 31a and 31b The Broadway
Mill Hill
London
NW7 3DA

Freehold Chemist and Residential Investment

  • Shop trading as Care Chemist (trading here for over 20 years)
  • New 10 year shop lease from September 2020 (subject to option)
  • Two separately accessed flats above, let separately on AST's
  • Approximately 200 metres from Mill Hill Thameslink & Bus Station
  • Nearby occupiers include Marks & Spencer Simply Food, Iceland, Tesco Express, Costa and a number of restaurants and coffee shops
  • Affluent North-West London suburb
  • VAT-free Investment
  • Lot
    5
  • Auction
    23/Sep/2020
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,231,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 31, 31a and 31b The Broadway<br>Mill Hill<br>London<br>NW7 3DA
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* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles north-west of Central London
Roads
A1, M1
Rail
Mill Hill Broadway (Thameslink)
Air
London Luton, London Heathrow
Situation

Mill Hill, a popular London suburb is located approximately 10 miles north-west of the Central London. The property is prominently located on the north side of The Broadway, Mill Hill's main shopping destination, less than 200 metres from Mill Hill Broadway Train and Bus Station. Nearby occupiers include M&S Simply Food, Costa, Tesco Express, Iceland and various independent cafes, shops and restaurants.

Tenure

Freehold.

Description

The property, comprises a ground floor chemist with a pharmacy and separately accessed residential accommodation above (1 x two bed duplex and 1 x one bed flat). The one bed flat (31b The Broadway) has been recently refurbished.

VAT

VAT is not applicable to this lot.

Viewings

There will be one accompanied block viewing leading up to the auction. Please email your request to view to george.goucher@acuitus.co.uk who will confirm the time and date.

Completion Period

Six Week Completion Available

EPC

Band C (shop). See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundChemist
139.35 sq m
(1,500 sq ft)
D. N. SHARPE
LIMITED t/a Care
Chemist (1)
10 years from
September 2020 (2)
£30,000September 2025
First1 bed flat34.71 sq m(374 sq ft)INDIVIDUAL6 month AST from
23/05/2020 at
£1,150 pcm
£13,800
First/Attic2 bed duplex60.03 sq m(646 sq ft)INDIVIDUAL (3)6 month AST from
September 2020 at
£1,350 pcm
£16,200
Total
234.09 sq m
(2,520 sq ft)
  £60,000 

(1) Care Chemist are a very well established pharmacy who have been trading on The Broadway for over 20 years. D. N. Sharpe Limited trade from one other Chemist in Golders Green.
(2) The lease is subject to a tenant option to determine in August 2025.
(3) The tenant has been in occupation for about 4 years. The AST is being renewed.

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
    21.09.20
    File Size
    14 MB
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  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    821 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
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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 +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
PDT Solicitors Premier House, 36-48 Queen Street
Horsham
West Sussex
RH13 5AD
James Clewlow +44 (0)1403 831229jclewlow@pdt.co.uk

Useful Links

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