Hairdresser/beauty salon and 7 residential units above
Retail unit let on a lease until 2041
150m West of Enfield Town Railway Station
Prominent position on The Town close to the 54 unit Palace Gardens Shopping Centre with retailers including Waitrose, Boots, Marks & Spencer, TK Maxx, Lidl and Waterstones.
Hairdresser/beauty salon and 7 residential units above
Retail unit let on a lease until 2041
150m West of Enfield Town Railway Station
Prominent position on The Town close to the 54 unit Palace Gardens Shopping Centre with retailers including Waitrose, Boots, Marks & Spencer, TK Maxx, Lidl and Waterstones.
VAT-free London investment
Lot 5
Auction 29th October 2026
Rent £73,840 per Annum Exclusive (2)
Status Available
Guide* £800,000 - £850,000
Sector High Street Retail, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles north of City of London
Roads
A406 (North Circular Road), A10, A110, M25 (Junction 25)
Rail
Enfield Town Railway Station (Weaver Line - Zone 5 approximately 34 mins to London Liverpool Street)
Air
London City Airport, London Heathrow Airport, London Stansted Airport
Situation
The property is located in an excellent trading location on the southern side of The Town, between Church Street and London Road and approximately 150m west of Enfield Town Railway Station. Palace Gardens Shopping Centre is immediately adjacent to the property, with 54 retailers including Waitrose, Boots, Marks & Spencer, TK Maxx, Lidl and Waterstones.
Tenure
Freehold.
Location
Miles
9 miles north of City of London
Roads
A406 (North Circular Road), A10, A110, M25 (Junction 25)
Rail
Enfield Town Railway Station (Weaver Line - Zone 5 approximately 34 mins to London Liverpool Street)
Air
London City Airport, London Heathrow Airport, London Stansted Airport
Situation
The property is located in an excellent trading location on the southern side of The Town, between Church Street and London Road and approximately 150m west of Enfield Town Railway Station. Palace Gardens Shopping Centre is immediately adjacent to the property, with 54 retailers including Waitrose, Boots, Marks & Spencer, TK Maxx, Lidl and Waterstones.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement, with separately accessed HMO (House in Multiple Occupation) residential accommodation on first, second, third and fourth floors comprising seven one bedroom residential units, all with en-suite shower rooms and a shared kitchen. The residential accommodation is separately accessed from 7a, The Town.
VAT
VAT is not applicable to this lot.
EPC
Commercial Unit: Band C.
Residential Units: Band E.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation in the basement, with separately accessed HMO (House in Multiple Occupation) residential accommodation on first, second, third and fourth floors comprising seven one bedroom residential units, all with en-suite shower rooms and a shared kitchen. The residential accommodation is separately accessed from 7a, The Town.
VAT
VAT is not applicable to this lot.
EPC
Commercial Unit: Band C.
Residential Units: Band E.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas sq m
Floor Areas sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground Basement
Retail Ancillary
27.44 50.77
(295) (546)
INDIVIDUALS t/a Hairwaves Beauty Centre
15 years from 24/06/2026
£25,000(2)
5 yearly (23/06/2041)
1
First
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£7,800
-
2
Second
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£8,340 (3)
-
3
Second
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£6,000
-
4
Third
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£8,340
-
5
Third
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£5,520 (4)
-
6
Fourth
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£5,520 (4)
-
7
Fourth
1 bedroom studio
-
(-)
AN INDIVIDUAL
Let on Periodic Tenancy
£7,320
-
Total Approximate Commercial Floor Areas
78.21(1)
(841)
£73,840
(1) The commercial floor areas stated above are those published by the Valuation Office Agency/HMRC (www.voa.gov.uk). (2) As to the Retail Unit, the rent reserved under the terms of the lease is £25,000 per annum exclusive subject to a rent concession of 50% until 24th June 2027. The Seller will pay the Buyer the rent that would have been due in the absence of the 50% Rent Concession from Completion of the Sale until 24th June 2027. Therefore, the Retail Unit will produce £25,000 per annum exclusive from Completion of the Sale. The tenant has paid a rent deposit equivalent to 6 months’ rent. (3) As to Room 2, the current rent reserved under the terms of the lease £7,920 per annum. a rent increase notice pursuant to s.13 of the Housing Act 1988 was served on the tenant quoting a new rent of £8,340 per annum form 1st November 2026, which has been agreed. A copy of the notices and the tenant's response is available in the Legal Pack. (4) As to rooms 5 and 6 rent increase notices pursuant to s.13 of the Housing Act 1988 has been served on each tenant stating a new rent of £6,120 per annum for each room. A copy of the s.13 notices and the tenant's response are available in the Legal Pack.
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.
