10 & 10A/C Cheapside
Wood Green
London
N22 6HH

Freehold Retail and Residential Investment

  • Shop let to tenant trading as Tigana
  • 10 year shop lease from September 2019 (subject to option)
  • Three fully let 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 and Bustling North London suburb
  • Lot
    32
  • Auction
    23/Sep/2020
  • Rent
    £100,800 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 10 & 10A/C Cheapside<br>Wood Green<br>London<br>N22 6HH
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* More information on the term "price" can be found here

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.

Description

The property comprises a three storey building, arranged as a ground floor shop, with three flats (including one studio) 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 B (shop). See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
GroundRetail
90.95 sq m
(979 sq ft)
TOWERSTONE
LIMITED
t/a Tigana
10 years from
16/09/2019
until 15/09/2029 (1)
£60,00016/09/2024
First
(10A)
Studio Flat
30.00 sq m
(323 sq ft)
INDIVIDUALS1 year AST from
04/12/2019 at
900 pcm
£10,800-
First
(10B)
1 bed flat
45.00 sq m
(484 sq ft)
INDIVIDUAL1 year AST from
09/07/2020 at
1,150 pcm
£13,800-
Second
(10C)
2 bed flat
41.99 sq m
(452 sq ft)
INDIVIDUALS1 year AST from
11/10/2019 at
1,350 pcm
£16,200-

 
207.94 sq m
(2,238 sq ft)
  £100,800 

(1) The lease is subject to a tenant option to determine on 16/09/2024.

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
    18.09.20
    File Size
    45 MB
    Login to View
  • Site Plan
    Updated Date
    02.09.20
    File Size
    825 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    1 MB
    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
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

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