149 Shenley Road Borehamwood Hertfordshire WD6 1AH

149 Shenley Road
Borehamwood
Hertfordshire
WD6 1AH

Freehold Retail and Residential Investment

Retail Unit let to Greggs Plc until 2026 (no breaks)
2021 Tenant Option to Break NOT exercised
Rear access and Car parking
Affluent and Popular London commuter Town
Neighbouring Occupiers include Savers, Iceland Food, Subway, TUI and Halifax

Lot
6
Auction
16th June 2021
Rent
£25,100 per Annum Exclusive
Status
Sold
Price
£450,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Investment

Retail Unit let to Greggs Plc until 2026 (no breaks)
2021 Tenant Option to Break NOT exercised
Rear access and Car parking
Affluent and Popular London commuter Town
Neighbouring Occupiers include Savers, Iceland Food, Subway, TUI and Halifax

Lot 6
Auction 16th June 2021
Rent £25,100 per Annum Exclusive
Status Sold
Price £450,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 3.5 miles north of Edgware; 12 miles north-west of Central London
Roads: M25, M1, A1
Rail: Elstree & Borehamwood ThamesLink station
Air: London Luton, London Heathrow

Situation

The property is prominently located in a strong trading position on the north side of the busy Shenley Road, approximately 500 metres from Elstree & Borehamwood Station. Neighbouring Occupiers include Savers, Iceland Food, Subway, TUI and Halifax.

Tenure

Freehold.

Location

Miles: 3.5 miles north of Edgware; 12 miles north-west of Central London
Roads: M25, M1, A1
Rail: Elstree & Borehamwood ThamesLink station
Air: London Luton, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop and a self contained maisonette on the first and second floors. The property benefits from access and parking at the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

The property comprises a ground floor shop and a self contained maisonette on the first and second floors. The property benefits from access and parking at the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground	Retail	96.99 sq m	(1,044 sq ft) (1)	GREGGS PLC (2)	10 years from 14/07/2016 (3)	£25,000	14/07/2021 (13/07/2026)
First and Second	Residential	Maisonette		INDIVIDUAL	125 years from 25/12/1998	£100	(24/12/2123)
Total CommercialFloor Area		96.99 sq m	(1,044 sq ft)			£25,100

(1) The above floor areas include a small extension built over the rear yard, which was constructed by the tenant.
(2) For the year ending 31st December 2020, Greggs Plc reported a turnover of £811,300,000, pre-tax profits of negative £13,700,000 and shareholder funds of £321,600,000 (Source: NorthRow 20/05/2021).
(3) The lease provides for a tenant option to determine the lease on 14/07/2021 on serving not less then 6 months written notice. The Seller has NOT received a notice from the tenant to exercise the tenant option to determine the lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.