Former Change of Hart PH 19-21 and 29-45 High Street Edgware London HA8 7EE

Former Change of Hart PH
19-21 and 29-45 High Street
Edgware
London
HA8 7EE

  • Former Change of Hart PH<br>19-21 and 29-45 High Street<br>Edgware<br>London<br>HA8 7EE

Freehold Public House and Land With Development Potential

  • Former Public House Building with Substantial Car Park
  • Residential Development Potential on Car Park (Subject to Consents)
  • 650 metres from Edgware Underground Station
  • Total Approximate Site Area of 0.4 Acres
  • Let to 3 Tenants on tenancies Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954
  • Lot
    24
  • Auction
    17/Feb/2022
  • Rent
    £152,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £2,855,000
  • Sector
    Public House
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
8miles north-west of Marble Arch and London's West West
Roads
A1, A5, A406, A41, M1 (Junction 1), M25
Rail
Edgware Underground Station (Northern Line) Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation

Edgware, an affluent residential suburb located 1some 8 miles north west of Marble Arch and London's West End. The property is prominently situated on the west side of busy and popular High Street (A5) close to its junction with Spring Villa Road and adjacent to significant recent residential developments. The locality benefits from being a short walk from Edgware Town centre and Edgware underground station. Nearby occupiers include Premier Inn, Lidl, SafeStore Self Storage, Peugeot and Citreon car showrooms and a combination of medium rise residential and commercial blocks.

Tenure

Freehold.

Location
Miles
8miles north-west of Marble Arch and London's West West
Roads
A1, A5, A406, A41, M1 (Junction 1), M25
Rail
Edgware Underground Station (Northern Line) Burnt Oak Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation

Edgware, an affluent residential suburb located 1some 8 miles north west of Marble Arch and London's West End. The property is prominently situated on the west side of busy and popular High Street (A5) close to its junction with Spring Villa Road and adjacent to significant recent residential developments. The locality benefits from being a short walk from Edgware Town centre and Edgware underground station. Nearby occupiers include Premier Inn, Lidl, SafeStore Self Storage, Peugeot and Citreon car showrooms and a combination of medium rise residential and commercial blocks.

Tenure

Freehold.

Description

The property comprises a former public house building that has been separated and let as 3 different units. The hand side of the ground floor , part first floor and garden is used as a Bar and Restaurant. The right hand side of the ground floor is a retail unit and the first and second floors are let as a residential unit. The property also benefits from a significant Car Park at the rear . The total approximate site area is 0.4 Acres.

VAT

VAT is applicable to this lot.

Planning

The car park may be suitable for residential development (subject to consents). The former Public House building is Grade 2 listed but is not within a conservation area. The property is within the jurisdiction of the London Borough of Barnet

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a former public house building that has been separated and let as 3 different units. The hand side of the ground floor , part first floor and garden is used as a Bar and Restaurant. The right hand side of the ground floor is a retail unit and the first and second floors are let as a residential unit. The property also benefits from a significant Car Park at the rear . The total approximate site area is 0.4 Acres.

VAT

VAT is applicable to this lot.

Planning

The car park may be suitable for residential development (subject to consents). The former Public House building is Grade 2 listed but is not within a conservation area. The property is within the jurisdiction of the London Borough of Barnet

Note

The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Ground
First
Lower Ground
Public House
Ancillary
Ancillary
225.00 sq m
195.00 sqm
30.00 sq m
(2,421 sq ft)
(2,098 sq ft)
(322 sq ft)
COMP HOLDINGS LIMITED (1) 10 Years from 01/06/2018 until 2028 (2)
£62,500
31/05//2023 (2)
(01/06/2028)
19-21 High Street
Ground
First
Second
 
195 sq m
141 sq m
(2,098 sq ft)
(1,517 sq ft)
INDIVIDUAL Assured Shorthold Tenancy
for a term of 3 years from
06/04/2021
£60,000 (3)
(05/04/2024)
Car Park Car Park       Assured Shorthold Tenancy
for a term of 2 years from
01/01/2021
£30,000
 
Total  
591 sq m
(6,358 sq ft)
   
£152,500
 

(1) Comp Holdings Limited (CRN 12189681)
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954. The lease benefits from upward only rent reviews. A rent deposit of £12,500 is held by the landlord.
(3) The rent reserved for the Assured Shorthold Tenancy is £5,000 per calendar month, the rent shown above has been annualised.

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.

Property Documents

  • Brochure
    Updated Date
    28.01.22
    File Size
    3 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Associate AuctioneersPanayiotis Themistocli 07973 856 232Panayiotis.Themistocli@agg.uk.com
Seller's Solicitors
Gunnercooke LLP 1 Cornhill
London
EC3V 3ND
Sam Rosenthal 07941613379sam.rosenthal@gunnercooke.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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