500-508 High Road Tottenham London N17 9JF

500-508 High Road
Tottenham
London
N17 9JF

Substantial High Street Retail Investment

Comprises 3 Retail Units and Function Suite
McDonald's in occupation for at least 40 years
Tenants include McDonald's Restaurants Limited and Savers Healthy and Beauty Ltd
New 5 year Lease with Savers (in occupation for over 30 years)
Directly Opposite Bruce Grove Station
Approximately 1km South of Tottenham Hotspur FC Stadium
Nearby occupiers include Asda, Ladbrokes, KFC, Holland & Barrett, German Doner Kebab, Specsavers, Iceland, Poundland, Costa Coffee and Santander

Lot
35
Auction
10th July 2025
Rent
Gross: £373,336 per Annum Exclusive
Net: £183,336
rising to Gross Rents of £386,336 pax in 2030 and £405,836 pax in 2032 (3)
Status
Available
Guide*
£600,000 - £650,000
Auction Venue
Live Streamed Auction

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Substantial High Street Retail Investment

Comprises 3 Retail Units and Function Suite
McDonald's in occupation for at least 40 years
Tenants include McDonald's Restaurants Limited and Savers Healthy and Beauty Ltd
New 5 year Lease with Savers (in occupation for over 30 years)
Directly Opposite Bruce Grove Station
Approximately 1km South of Tottenham Hotspur FC Stadium
Nearby occupiers include Asda, Ladbrokes, KFC, Holland & Barrett, German Doner Kebab, Specsavers, Iceland, Poundland, Costa Coffee and Santander

Lot 35
Auction 10th July 2025
Rent Gross: £373,336 per Annum Exclusive Net: £183,336 rising to Gross Rents of £386,336 pax in 2030 and £405,836 pax in 2032 (3)
Status Available
Guide* £600,000 - £650,000
Sector
Retail, High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6 miles north of the City of London
Roads: A10, A406 (North Circular Road), A503
Rail: Bruce Grove Railway Station (Weaver Line), Seven Sisters Underground(Victoria Line)
Air: London Heathrow Airport, London Gatwick Airport, London City Airport

Situation

Tottenham is a popular North London suburb situated just 6 miles north of the City of London. The property is prominently situated directly opposite Bruce Grove Railway Station and in a very busy trading position on the east side of High Road (A10), the principal aerial route from the City of London through North London. The property benefits foe being approximately 1 kilometre south of the new Tottenham Hotspurs FC Stadium. Nearby occupiers include Asda, Ladbrokes, KFC, Holland & Barrett, German Doner Kebab, Specsavers, Iceland, Poundland, Costa Coffee and Santander.

Tenure

Leasehold. Held on 2 Separate Long Leases. Each held for a term from 25/03/1971., the first lease until 2156 (131 years unexpired) at a fixed peppercorn rent and and the second lease until 2032 (7 years unexpired) at a current rent reserved at £190,000 per annum exclusive.

Location

Miles: 6 miles north of the City of London
Roads: A10, A406 (North Circular Road), A503
Rail: Bruce Grove Railway Station (Weaver Line), Seven Sisters Underground(Victoria Line)
Air: London Heathrow Airport, London Gatwick Airport, London City Airport

Situation

Tenure

Description

The property comprises two adjoining buildings, forming a terrace of three retail units, one of which is double fronted, and self contained Function Suites on the upper floors.

500 High Road comprises a ground floor retail unit with ancillary accommodation on the first floor. 502-508 High Road comprises two ground floor retail units and self-contained banqueting/conference accommodation on the first floor and ancillary accommodation on the second floor which is accessed separately from the rear via Stoneleigh Road.

VAT

VAT is applicable to this lot.

EPC

Band C and Band D

Description

VAT

VAT is applicable to this lot.

EPC

Band C and Band D

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Gross Rent p.a.x.	Rent Review (Reversion)
500 High Road	Ground First	Retail Ancillary	49.02	(528)	INDIVIDUAL T/A FIRST TECH SOLUTIONS (CRN: 06483999)	15 years from 29/09/2010	£20,000	(28/09/2025)
502-504 High Road	Ground	Retail Restaurant Ancillary	496.60	(5345)	MCDONALD'S RESTAURANTS LTD (CRN: 01002769) (in occupation for over 40 years)(4)	22 years from 20/03/2010	£123,505	26/03/2026 (19/03/2032)
502-508 High Road	Entrance First Second	Retail Restaurant Ancillary	- 909.85 128.67	- (9794) (1385)	SOFFI AND CO LIMITED (T/A CLASSIC RESTAURANT)	A term from 10/09/2021 until 20/03/2032	£150,000 (rising to £163,000 in 2027 and £178,000 in 2030) (3)	(20/03/2032)(3)
508 High Road	Ground	Retail Ancillary	333.58	(3,590)	SAVERS HEALTH AND BEAUTY LIMITED (CRN: 02202838) (in occupation for over 30 years)(5)	5 years from 22/01/2024(3) (2)	£81,250	3 yearly rent increases
Total Approximate Area			1,917.72 (1)	(20,642) (1)			£374,755 pax (rising to £387,755 pax in 2027 and £405,755 pax in 2030) (3)

(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk), save for the floor areas stated for 502-504 High Road, which are the floor area that were adopted by the Surveyors acting for the parties at a previous rent review.
(2) As to 508 High Road, the lease provides for a tenant option to determine the lease on 22/01/2027 on serving 6 months written notice.
(3) As to 502-508 High Road, the rent increases to £163,000 p.a.x on 10/09/2027 and £178,000 p.a.x on 10/09/2030.
(4)McDonald's holds more than 36,000 restaurants in over 100 countries. Nationwide, the company employs over 150,000 people, with the UK alone holding over 120,000 people across their restaurants and head office. Globally, there are over 2 million franchise employees. For the year ending 31st December 2023, McDonald's Restaurants Limited (CRN: 01002769), reported a Turnover of £1,835,618,000., Pre-Tax profits of £66,327,000., and Shareholder Funds of £789,294,000., (Source: McDonald's Restaurants Limited Annual Report and Financial Statements as published at Companies House on the 21st May 2025).
(5) Savers Health and Beauty Limited currently have over 500 stores throughout Scotland, Wales and Northern Ireland with over 50,000 employees. The company is also part of the A.S. Watson Group, one of the world's largest international health and beauty retailers by number of stores, who have 16,500 stores in 28 markets and over 130,000 employees worldwide. For the year ending 30th December 2023, Savers Health and Beauty Limited (CRN: 02202838), reported a Turnover of £754,828,000., Pre-Tax Profits of £61,257,000., and Net Assets of £142,121,000., (Source: Savers Health and Beauty Limited Annual Report and Financial Statements as published at Companies House on the 21st May 2025).

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.