452 Holloway Road
London
N7 6QA

Freehold Retail Investment

  • Entirely let to Holland & Barrett Retail Limited
  • Lease expiring September 2025
  • 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
    24/Sep/2021
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,050,000 - £1,150,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 452 Holloway Road, London, N7 6QA
  • Expand
  • Photos
  • Map

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

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.

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

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
Ground
Basement
First
Second
Third
Retail/Ancillary
Ancillary
Ancillary
Ancillary
Ancillary
104.40 sq m
36.88 sq m
28.61 sq m
33.54 sq m
28.33 sq m
(1,124 sq ft)
(397 sq ft)
(308 sq ft)
(361 sq ft)
(305 sq ft)
HOLLAND &
BARRETT
RETAIL LIMITED
(1)
10 years from
29/09/2015 until
28/09/2025 on a
full repairing and
insuring lease (2)
£60,00029/09/2020
(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 £1,000 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
    04.09.21
    File Size
    39 MB
    Login to View
  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    857 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    911 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

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Gowling WLG 4 More London Riverside
London
UK
SE1 2AU
Emily Blandford 020 7759 6935emily.blandford@gowlingwlg.com

Useful Links

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