12 & 12A/C Cheapside Wood Green London N22 6HH

12 & 12A/C Cheapside
Wood Green
London
N22 6HH

Freehold Retail and Residential Investment

  • Shop let to Harvey and Thompson Limited (trading as H&T Pawnbrokers)
  • Shop lease expires June 2023
  • Three fully let separately accessed flats above (1 x four bed, 1 x three bed and studio)
  • Nearby occupiers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop, Primark, WHSmith, Lidl, Cineworld and branches of Lloyds and Barclays Banks
  • Part of Proposed Crossrail 2 Route and Bustling North London suburb
  • Lot
    14
  • Auction
    23rd September 2020
  • Rent
    £125,700 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail and Residential Investment

  • Shop let to Harvey and Thompson Limited (trading as H&T Pawnbrokers)
  • Shop lease expires June 2023
  • Three fully let separately accessed flats above (1 x four bed, 1 x three bed and studio)
  • Nearby occupiers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop, Primark, WHSmith, Lidl, Cineworld and branches of Lloyds and Barclays Banks
  • Part of Proposed Crossrail 2 Route and Bustling North London suburb
  • Lot 14
  • Auction 23rd September 2020
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
7 miles north of Central London
Roads
A406 (North Circular), A10, M1
Rail
Wood Green and Turnpike Lane Underground Stations (Piccadilly Line)
Air
London Heathrow, London Luton
Situation

Wood Green is a busy and popular commercial centre, located approximately seven miles north of Central London. Wood Green has excellent road and rail communications being two miles south of the North Circular Road (A406) and on London Underground's Piccadilly Line, as well as numerous bus routes. The property is situated in a prominent location on the east side of Cheapside, High Road, Wood Green's primary retailing thoroughfare, midway between Wood Green and Turnpike Lane Underground Stations. Nearby retailers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop. The property is a short walk from Wood Green Shopping Centre (The Mall) with further retailers including Primark, Argos, WH Smith, Lidl and Cineworld.

Tenure

Freehold.

Location
Miles
7 miles north of Central London
Roads
A406 (North Circular), A10, M1
Rail
Wood Green and Turnpike Lane Underground Stations (Piccadilly Line)
Air
London Heathrow, London Luton
Situation

Wood Green is a busy and popular commercial centre, located approximately seven miles north of Central London. Wood Green has excellent road and rail communications being two miles south of the North Circular Road (A406) and on London Underground's Piccadilly Line, as well as numerous bus routes. The property is situated in a prominent location on the east side of Cheapside, High Road, Wood Green's primary retailing thoroughfare, midway between Wood Green and Turnpike Lane Underground Stations. Nearby retailers include McDonald's, Superdrug, H&M, Sainsbury's, Sports Direct, Boots the Chemist, JD Sports, The Works, Body Shop. The property is a short walk from Wood Green Shopping Centre (The Mall) with further retailers including Primark, Argos, WH Smith, Lidl and Cineworld.

Tenure

Freehold.

Description

The property comprises a three storey building, arranged as a ground floor shop, with 1 x four bed falt, 1 x three bed flat and a studio arranged on the first and second floors, all of which are accessed separately from the rear, except the 3 bed flat (12B) which is accessed separately from the front.

VAT

VAT is 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

EPC

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

Description

The property comprises a three storey building, arranged as a ground floor shop, with 1 x four bed falt, 1 x three bed flat and a studio arranged on the first and second floors, all of which are accessed separately from the rear, except the 3 bed flat (12B) which is accessed separately from the front.

VAT

VAT is 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

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x
Ground Retail
101.26 sq m
(1,090 sq ft)
HARVEY AND
THOMPSON LIMITED (1)
t/a H&T
Pawnbrokers
20 years from
24/06/2003
£75,000 (2)
First
(12A)
Residential -
4 bed flat
81.01 sq m
(872 sq ft)
INDIVIDUALS 1 year AST from
06/01/2020 at
1,675 pcm
£20,100
Second
(12B)
Residential -
3 bed flat
47.00 sq m
(506 sq ft)
INDIVIDUAL 1 year AST from
29/08/2020 at
1,500 pcm
£18,000 (3)
Second
(12C)
Residential -
Studio flat
37.99 sq m
(409 sq ft)
INDIVIDUAL 2 year from AST from
20/03/2020 at
1,050 pcm
£12,600 (3)

 
267.26 sq m
(2,877 sq ft)
    £125,700

(1) For the year ending 31st December 2019, Harvey & Thompson Limited reported a total turnover of £160,213,000, pre-tax profits of £20,295,000 and shareholder's funds of £120,959,000 (source: SmartSearch 25/08/2020).
(2) Rent increased at 2018 rent review from £72,000 pa.
(3) Rents inclusive of utilities.

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.

Property Documents

  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    809 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Associate Auctioneers
CWM 35 Heddon Street
London
W1B 4BP
John Miles 020 7758 9882/07789 243 998jhm@cwm.co.uk
Seller's Solicitors
Knights Plc 10 Wellington Place
Leeds
West Yorkshire
LS1 4AP
Edwina Hewson 0113 207 0187edwina.hewson@knightsplc.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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