45, 45A & 45B The Broadway
Mill Hill
London
NW7 3DJ

Attractive Freehold Bank, Retail & Residential Investment

  • Affluent London Suburb
  • Bank let to Santander UK PLC on a new 3 year lease (1)
  • Comprises Bank, Shop & Flat
  • VAT-free Investment
  • Lot
    7
  • Auction
    16/Jun/2021
  • Rent
    £83,925 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,000,000 - £1,100,000
  • Sector
    Bank
  • Auction Venue
    Live Streamed Auction
  • On Instructions of a Major Property Company
  • 45, 45A & 45B The Broadway<br>Mill Hill<br>London<br>NW7 3DJ
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
10 miles north-west of Central London
3 miles north of the north circular
5 miles south of the M25
Roads
A1, M1
Rail
Mill Hill Broadway (Thameslink)
Air
London Luton, London Heathrow
Situation

Mill Hill, a popular London suburb is located approximately 10 miles north-west of the Central London. The property is prominently located on the north side of The Broadway, Mill Hill's main shopping destination, less than 200 metres from Mill Hill Broadway Train and Bus Station. Nearby occupiers include M&S Simply Food, Costa, Tesco Express, Iceland and various independent cafes, shops and restaurants.

Tenure

Freehold.

Description

The property comprises a bank, retail unit and 3 bedroom flat. The flat is 3 bedrooms and separately accessed from the rear.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.barnet.gov.uk

Viewings

There will be no internal viewings of the property due to Covid-19.

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/(Reversion)
GroundBanking
150 sq m
(1,615 sq ft)
SANTANDER UK
PLC (2) (3)
3 years from
25/12/2020 (1)
£53,000(24/12/2023)
(1) (3)
Ground
First
Retail
Residential
56 sq m
96 sq m
(602 sq ft)
(1,033 sq ft)
- 3 bedrooms
INDIVIDUAL15 years from
13/03/2008
£30,925 (4)(12/03/2023)
Total
302 sq m
(3,250 sq ft)
  £83,925 

(1) Tenants option to determine on 25th December 2021 & 25th December 2022
(2) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(3) Please note this branch is on Santander's bank closure list announced on 26 March 2021
(4) Rent Deposit held of £15,520

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
    11.06.21
    File Size
    21 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    908 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    897 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Addleshaw Goddard LLP One St Peter's Square
Manchester
M2 3DE
Dawn Mayne 0161 934 6478Dawn.Mayne@addleshawgoddard.com

Useful Links

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