109/111 Golders Green Road
Golders Green
London
NW11 8HR

Recently Let Freehold Retail Investment with Newly Developed Residential Above

  • Shop recently let to AFG Housewares UK Limited (a Household Goods Wholesaler)
  • New 20 year shop lease from November 2020 (No Breaks)
  • Eight newly developed separately accessed flats on upper floors ready to be let (3x 1 bed and 5x 2 bed)
  • Located in the heart of Golders Green, within very close proximity to Golders Green Tube and Bus Station
  • Nearby occupiers include Tesco Express, Boots the Chemist, Holland & Barrett an various restaurants and coffee shops
  • Immediate Asset Management potential
  • Affluent and popular North-West London suburb
  • Lot
    9
  • Auction
    11/Feb/2021
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 109/111 Golders Green Road<br>Golders Green<br>London<br>NW11 8HR
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
6 miles north-west of Central London
Roads
A406 (North Circular)
Rail
Golders Green Tube Station (Northern Line)
Air
London Luton, London Heathrow
Situation

Golders Green is an affluent North West London suburb, 5 miles north-west of London's West End. The location benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is situated on a prominent corner position on the south side of Golders Green Road, at its junction with Armitage Road. Nearby occupiers include Tesco Express, Boots the Chemist, Holland & Barrett and various restaurants and coffee shops. Golders Green Tube and Bus Station is located a short walk away with various bus routes serving Golders Green Road.

Tenure

Freehold.

Description

The property comprises a three storey building arranged as a large ground floor shop with 8 newly developed flats over first and second floors, accessed from the front.

VAT

VAT is not applicable to this lot.

Completion Period

Eight Week Completion Available.

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail/Ancillary
289.30 sq m
(3,114 sq ft)
AFG
HOUSEWARES
UK LIMITED (1)
20 years from
17/11/2020 until
16/11/2040
£50,000 (2)17/11/2025 and 5
yearly thereafter
First/Second8 flats
(3x 1 bed &
5x 2 bed)
406.91 sq m
(total) (3)
(4,380 sq ft)
(total) (3)
VACANT---
Total
696.21 sq m
(7,494 sq ft)
  £50,000 

(1) A rent deposit of £25,000 is held by the landlord.
(2) Under the terms of the lease, the tenant benefits from a 6 month rent free period from 10/12/2020. The Vendor has agreed to adjust the completion monies so that the property effectively produces £50,000 per annum from completion of the sale until the expiry of the rent free period.
(3) Gross Internal Area. The flats range in size from approximately 375 sq ft to 660 sq ft.

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
    05.02.21
    File Size
    30 MB
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  • Catalogue Page
    Updated Date
    22.01.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    22.01.21
    File Size
    851 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
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
Peter Brown & Co, Solicitors LLP Riverside House, 27D High Street
Ware
Herts
SG12 9BA
Paul Braham 020 8447 3286paul@peterbrown-solicitors.com

Useful Links

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