146 - 148 Burnt Oak Broadway
Burnt Oak
London
HA8 0AX

Freehold Retail and Residential Investment

  • Retail let to Coffee Kahawa Limited t/a Costa Coffee until 2024
  • Includes a shop and 4 self-contained Flats
  • Prominent corner location on A5
  • Long term potential residential development at the rear (subject to consents)
  • Close to Burnt Oak Underground Station (Northern Line)
  • Neighbouring occupiers include Iceland foods, Ladbrokes, Savers, Poundland and an eclectic mix of local traders
  • Lot
    13
  • Auction
    10/Dec/2020
  • Rent
    £87,800 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,450,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 146 - 148  Burnt Oak Broadway<br>Burnt Oak<br>London<br>HA8 0AX
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* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles north of Central London, 7 miles south of Watford, 1.5 miles west of Mill Hill Broadway
Roads
A5, A1, A41, M1, M40, M25
Rail
Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport
Situation

Burnt Oak, in the London Borough of Barnet, is 10 miles north of Central London and 1 mile south of Edgware. The property is located in a mixed residential/commercial area, in a prominent location on Burnt Oak Broadway (A5), at its junction with The Highlands, some 400 metres west of Burnt Oak Underground Station (Northern Line). Neighbouring occupiers include Iceland foods, Ladbrokes, Savers, Poundland and an eclectic mix of local traders.

Tenure

Freehold.

Description

The property comprises a substantial double fronted shop comprising ground floor retail accommodation and part first floor ancillary accommodation. The first and second floors comprises of four self contained 2 bedroom flats accessed from the rear of the property. The property benefits from a return frontage on to Barnfield Road.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
146-148Ground
Part First
Retail
Ancillary
211.38 sq m
17.61 sq m
(2,275 sq ft)
(189 sq ft)
COFFEE KAHAWA
LIMITED t/a Costa
Coffee (1)
10 years from
13/12/2014
£35,000 (1)12/12/2024
146AFirstResidential
3 room flat
INDIVIDUALS2 years from
15/03/2019
£13,20014/03/2021
146BFirstResidential
3 room flat
INDIVIDUAL1 year from
21/02/2020
£12,60020/02/2021
148BSecondResidential
3 room flat
INDIVIDUAL1 year from
05/11/2020
£13,20004/11/2021
148ASecondResidential
3 room flat
INDIVIDUAL1 year from
15/11/2020
£13,80014/11/2021
Total
228.99 sq m
(2,464 sq ft)  £87,800 

(1) As to the lease of the ground floor to COFFEE KAHAWA LIMITED t/a Costa Coffee the October 2019 rent review was recently settled at £35,000pax from £30,000 p.a.x.

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
    30.11.20
    File Size
    16 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    917 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
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Brecher LLP 64 North Row
London
W1K 7DA
Dennis Le Quesne 02075 631 013dlequesne@brecher.co.uk

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