32 High Street & 11-15 Woodbine Place
Wanstead
London
E11 2RH

Freehold Unbroken Retail Parade Investment

  • Unbroken parade comprising 5 shops on prominent corner location
  • Tenants including Churchill Estates, Petty Son & Prestwich Estate Agents and independent retailers
  • Average Unexpired Lease Term of almost 8 years
  • Future redevelopment potential (subject to consents)
  • Affluent and Attractive East London Suburb 8 miles east of City of London
  • Nearby occupiers include Marks & Spencer, Domino's, J D Wetherspoon and Majestic Wine
  • Lot
    11
  • Auction
    16/Jun/2021
  • Rent
    £85,750 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,300,000 - £1,350,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 32 High Street & 11-15 Woodbine Place<br>Wanstead<br>London<br>E11 2RH
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
8 miles north-east of the City of London
4 miles east of Stratford, Olympic Park and Westfield Shopping Centre
5 mile North of London Docklands /
Canary Wharf
Roads
A12, A406 (North Circular Road), M11, M25
Rail
Wanstead Underground (Central Line)
Air
London City Airport, London Heathrow, London Stansted, London Southend
Situation

Wanstead is a well located, affluent and attractive East London suburb situated approximately 8 miles north-east of the City of London and 5 miles north of London Docklands. Wanstead benefits from excellent road and rail communications being strategically situated at the junction of the A12 and A406 North Circular Road. The property is situated in a prominent position on the junction of High Street and Woodbine Place, facing Christ Church Green and less than 200m north of Wanstead Underground Station. Nearby occupiers include Majestic Wine, Marks & Spencer, Domino's, J D Wetherspoon and an eclectic mix of independent retailers, cafe's and restaurants.

Tenure

Freehold.

Description

The property comprises an unbroken parade of five retail units, with a mix of three storey shops with ancillary above and single storey units.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

AddressFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
32 High StreetGround
First
Second
Retail
Ancillary
Ancillary
30.60 sq m
39.34 sq m
31.08 sq m
(329 sq ft)
(423 sq ft)
(335 sq ft)
CHURCHILL
INTERNATIONAL
LIMITED t/a
Churchill Estates
(1)
25 years from
14/04/2009 until
13/04/2034 on a full
repairing and
insuring lease
£26,00014/04/2019 (4)
14/04/2024
14/04/2029
11 Woodbine
Place
Ground
First
Retail
Ancillary
27.60 sq m
-
(297 sq ft)
-
PETTY SON &
PRESTWICH
LIMITED t/a Petty
Son & Prestwich
Estate Agents (2)
10 years from
05/02/2019 until
04/02/2029 on a full
repairing and
insuring lease
£16,500-
12 Woodbine
Place
GroundRetail
38.00 sq m
(409 sq ft)
INDIVIDUAL t/a
Kebab House
15 years from
28/02/2016 until
27/02/2031 on a full
repairing and
insuring lease
£13,50028/02/2021
12a Woodbine
Place
GroundRetail
17.30 sq m
(186 sq ft)
INDIVIDUAL t/a
Wanstead
Hairdressers
10 years 28/02/2016
until 27/02/2026 on
a full repairing and
insuring lease
£10,00028/02/2021
14/15
Woodbine
Place
GroundRetail
45.99 sq m
(495 sq ft)
INDIVIDUAL t/a
Bambini Baby
Clothes
7 years from
08/10/2018 until
07/10/2025 on a full
repairing and
insuring lease
£19,75008/10/2021
Total
202.31 sq m
(2,474 sq ft)(3)   85,750 

(1) "Established in 1990, Churchill Estates are a leading independent Sales, Lettings and Property Management agent, servicing communities in East London and West Essex" (www.churchill-estates.co.uk/About-Us).
(2) "Established in 1908, Petty Son and Prestwich have been helping people achieve their property dreams for well over 100 years. Our conscientious and courteous team pride themselves on both their professionalism and the personal touch they offer all of our clients" (www.pettyson.co.uk/about-us).
(3) The floor areas stated above have been puiblished by the Valuation Office Agency at https://www.gov.uk/correct-your-business-rates
(4) The 2019 rent review has been agreed at £30,000 pa although has not yet been documented. Full information is available in the legal pack.

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
    03.06.21
    File Size
    32 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    870 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
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Solomon Taylor & Shaw 3 Coach House Yard, Hampstead High Street
London
NW3 1QF
Gary Phillips 0207 317 8680gary@solts.co.uk

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