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
    16/Jun/2021
  • Rent
    £25,100 per Annum Exclusive
  • Status
    Available
  • Price*
    £425,000 - £450,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 149 Shenley Road<br>Borehamwood<br>Hertfordshire<br>WD6 1AH
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  • Photos
  • Map

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

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.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
GroundRetail
96.99 sq m
(1,044 sq ft)
(1)
GREGGS PLC (2)10 years from
14/07/2016 (3)
£25,00014/07/2021
(13/07/2026)
First and
Second
Residential
Maisonette
INDIVIDUAL125 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 £1,000 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
    09.06.21
    File Size
    8 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    710 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    798 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 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
Associate Auctioneers
Lewis Craig 3 Chandos Street
London
W1G 9JU
Richard Grossman 020 7009 0482rg@lewiscraig.co.uk
Seller's Solicitors
Lewis Nedas Law
Paul Cramer 020 7387 2032pcramer@lewisnedas.co.uk

Useful Links

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