9 & 9A/D Cheapside Wood Green London N22 6HH

9 & 9A/D Cheapside
Wood Green
London
N22 6HH

Freehold Retail and Residential Investment

Shop let to tenant trading as VPZ (the UK's leading E-Cigarette retailer)
10 year lease from August 2017 (subject to option)
Four fully let studio flats above
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
Bustling North London suburb

Lot
19
Auction
23rd September 2020
Rent
£129,850 per Annum Exclusive
Status
Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Important Update

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Freehold Retail and Residential Investment

Shop let to tenant trading as VPZ (the UK's leading E-Cigarette retailer)
10 year lease from August 2017 (subject to option)
Four fully let studio flats above
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
Bustling North London suburb

Lot 19
Auction 23rd September 2020
Rent £129,850 per Annum Exclusive
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

Tenure

Freehold.

Description

The property comprises a three storey building, arranged as a ground floor shop, with four studio flats arranged on the first and second floors, accessed separately from the rear.

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 C. See legal pack at www.acuitus.co.uk.

Description

The property comprises a three storey building, arranged as a ground floor shop, with four studio flats arranged on the first and second floors, accessed separately from the rear.

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 C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground	Retail	82.13 sq m	(884 sq ft)	CCHG LIMITED (1)t/a VPZ	10 years from 29/08/2017 until 28/08/2027 (2)	£75,000	22/08/2022
First (9A)	Studio Flat	35.02 sq m	(377 sq ft)	INDIVIDUALS	2 year AST from 27/05/2020	£13,800	-
First (9B)	Studio Flat	41.53 sq m	(447 sq ft)	INDIVIDUALS	3 year AST from 04/10/2018	£13,200	-
Second (9C)	Studio Flat	39.86 sq m	(429 sq ft)	INDIVIDUALS	1 year AST from 10/10/2020	£13,780	-
Second (9D)	Studio Flat	44.69 sq m	(481 sq ft)	INDIVIDUALS	3 year AST from 02/03/2018	£13,800	-
Totals		243.23 sq m	(2,618 sq ft)			£129,580

(1) For the year ending 31st December 2018, CCHG Ltd reported a turnover of £26,397,173, pre-tax profits of £1,441,487 and shareholder's funds of £4,781,750 (source: SmartSearch 25/08/2020). VPZ is the UK's leading E-Cigarette retailer. Established in 2012, VPZ now has over 150 shops nationwide and were recently named as the 24th fastest growing business in the UK (www.vpz.co.uk).
(2) The lease is subject to a tenant option to determine on 28/08/2023.

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.