Unbroken parade of 6 ground floor retail units and self contained offices.
Opposite Palace Exchange Shopping Centre
Includes car park for approximately 20 cars
Active Management Potential
Residential Development Potential on Car Park (Subject to Consents)
Highly prominent and busy retail location
Neighbouring occupiers include Poundland, Boots Opticians, Halifax, HSBC, Haart and Lidl
Lot 14
Auction 10th July 2025
Rent £168,325 per Annum Exclusive With vacant office to be let
Status Sold
Price £2,515,000
Sector Retail, High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles north of the City of London
Roads
A10, A406 (North Circular Road), M25 (Junction 25)
Rail
Enfield Town Railway Station
Air
London Stansted, London City, London Heathrow, London Luton
Situation
The property is situated directly opposite Palace Exchange Shopping Centre, on the busy and prominent east side of London road, which forms part of the one way system that connects to Church Street, Enfield's prime retailing thoroughfare. Enfield Town Station (Weaver Line) is some 80 metres from the property.
Tenure
Freehold.
Location
Miles
12 miles north of the City of London
Roads
A10, A406 (North Circular Road), M25 (Junction 25)
Rail
Enfield Town Railway Station
Air
London Stansted, London City, London Heathrow, London Luton
Situation
The property is situated directly opposite Palace Exchange Shopping Centre, on the busy and prominent east side of London road, which forms part of the one way system that connects to Church Street, Enfield's prime retailing thoroughfare. Enfield Town Station (Weaver Line) is some 80 metres from the property.
Tenure
Freehold.
Description
The property comprises an unbroken parade of 6 retail units on the ground floor and self contained office accommodation on the first floor. The offices are accessed separately from the front of the property . The property also benefits from a car park at the rear of the property for approximately 20 cars and that could benefit from residnetial redevelopment, subject to consents. Neighbouring occupiers include Poundland, Boots Opticians, Halifax, HSBC, Haart and Lidl, whilst the nearby Palace Exchange Shopping Centre also includes occupiers such as McDonald's, JD Sports, Starbucks, H&M, H.Samuel, New Look and M&S.
VAT
VAT is applicable to this lot.
EPC
Please see Legal Pack
Description
The property comprises an unbroken parade of 6 retail units on the ground floor and self contained office accommodation on the first floor. The offices are accessed separately from the front of the property . The property also benefits from a car park at the rear of the property for approximately 20 cars and that could benefit from residnetial redevelopment, subject to consents. Neighbouring occupiers include Poundland, Boots Opticians, Halifax, HSBC, Haart and Lidl, whilst the nearby Palace Exchange Shopping Centre also includes occupiers such as McDonald's, JD Sports, Starbucks, H&M, H.Samuel, New Look and M&S.
VAT
VAT is applicable to this lot.
EPC
Please see Legal Pack
Tenancy & Accommodation
Unit
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Reviews (Reversion)
30/32 London Road
Retail
428.80
(4,616)
AES SMART METERING LIMITED (CRN: 08568952)
10 years from 12/08/2022 (3)
£65,000
(11/08/2032)
32A London Road
Retail
49.22
(530)
AN INDIVIDUAL T/A MBF BARBERS
5 years from 13/05/2021
£12,000
(12/05/2026)
34 London Road
Retail
48.40
(521)
LA PRO LIMITED T/A LC AESTHETICS HAIR, BEAUTY & LASER CLINIC
5 years from 29/09/2020
£22,500
(28/08/2025)
36 London Road
Retail
141.22
(1,520)
AN INDIVIDUAL T/A HK NOODLES (CRN: 10744244)
5 years from 29/04/2021
£22,000
(28/04/2026)
38 London Road
Retail
130.03
(1,340)
BEACHCROFT LTD T/A CUE PERSONNEL
5 years from 04/06/2022
£28,000
(03/06/2027)
1st Floor Office (30-34 London Road)
Office
217.63
(2,343)
VACANT POSSESSION
-
-
-
1st Floor Office (36-38 London Road)
Office
124.32
(1,338)
MARSH & PARTNERS (CRN:11634465) (2)
5 years from 02/12/2024
£18,825
02/12/2026 (01/12/2029)
Total Approximate Floor Area
1,139.62(1)
12,208(1)
£168,325 with office suite to be let.
(1) The above floor areas have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/results) (2) Marsh & Partners Limited (CRN: 11634465) are registered under the Solicitors Regulation Authority under No. 654765 and specialise in Conveyancing and Immigration & Asylum. For the year Ending 31st December 2023, they reported Net Assets of £3,973 (Source: Marsh & Partners Limited Abridged Accounts as published at Companies House on the 17th June 2025). (3) As to the retail unit at 30-32 London Road, the lease to AES Metering provide for at Mutual Option to Determine the lease on 12th August 2027.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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