September 2020 Rent Review not operated and outstanding
Shop comprehensively refitted in 2020
Current rent set in 2012
Nearby occupiers include Lidl, Iceland, The Works, Boots the Chemist and Superdrug
Busy and prominent North London location
VAT-free investment
Lot 6
Auction 24th September 2021
Rent £60,000 per Annum Exclusive
Status Sold
Price £1,380,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
4 miles north of Central London
Roads
Seven Sisters Road (A503), M1
Rail
Holloway Road (Piccadilly Line),
Upper Holloway (Overground)
Air
London City
Situation
Holloway is a busy and well recognised location in the inner-city district of the London borough of Islington situated just four miles north of Central London. Holloway Road (A1) is the main shopping destination for Holloway and the location benefits from excellent communications via the A1 and Holloway Road Underground Station. The property is located on the north side of Holloway Road, close to its junction with Seven Sisters Road and Parkhurst Road, within close proximity to the Nags Head Shopping Centre. Nearby occupiers include Lidl, Iceland, The Works, Boots the Chemist and Superdrug.
Tenure
Freehold.
Location
Miles
4 miles north of Central London
Roads
Seven Sisters Road (A503), M1
Rail
Holloway Road (Piccadilly Line),
Upper Holloway (Overground)
Air
London City
Situation
Holloway is a busy and well recognised location in the inner-city district of the London borough of Islington situated just four miles north of Central London. Holloway Road (A1) is the main shopping destination for Holloway and the location benefits from excellent communications via the A1 and Holloway Road Underground Station. The property is located on the north side of Holloway Road, close to its junction with Seven Sisters Road and Parkhurst Road, within close proximity to the Nags Head Shopping Centre. Nearby occupiers include Lidl, Iceland, The Works, Boots the Chemist and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor shop with basement, first, second and third floor ancillary accommodation.
Holland & Barrett completed a comprehensive new shop fit of the branch in 2020.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
C. See legal pack at www.acuitus.co.uk
Description
The property comprises a ground floor shop with basement, first, second and third floor ancillary accommodation.
Holland & Barrett completed a comprehensive new shop fit of the branch in 2020.
10 years from 29/09/2015 until 28/09/2025 on a full repairing and insuring lease (2)
£60,000
29/09/2020 (outstanding)
Total
231.76 sq m
(2,495 sq ft)
£60,000
(1) Holland & Barrett International is one of the worlds leading health and wellness retailers and the largest in Europe. There are a total of 1,368 Holland & Barrett stores around the world, with a presence in 16 country markets (source: www.hollandandbarrett.com/ 13/08/2021). (2) The property is let by way of a reversionary lease dated 13/09/2012. Holland & Barrett have been in occupation since 2006.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
