London City, Stansted, Heathrow, Gatwick and Luton Airports
Situation
The property is situated in a prominent location on the western side of Newington Green, close to its junction with Green Lanes (A105). Nearby occupiers include William Hill, Ladbrokes and a number of independent retailers.
London City, Stansted, Heathrow, Gatwick and Luton Airports
Situation
The property is situated in a prominent location on the western side of Newington Green, close to its junction with Green Lanes (A105). Nearby occupiers include William Hill, Ladbrokes and a number of independent retailers.
Tenure
Freehold.
Description
The property, a mid terrace brick building, comprises a ground floor retail unit with ancillary/storage accommodation and two residential flats on the first and second floors.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, a mid terrace brick building, comprises a ground floor retail unit with ancillary/storage accommodation and two residential flats on the first and second floors.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is not applicable to this lot.
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
Reversions
Ground
Retail
77.45 sq m
(834 sq ft)
BOOTS UK LIMITED (1)
15 years from 02/07/2001 on a full repairing and insuring lease (2)
£15,000
02/07/2016
First
Residential
Not measured
TURNER PROPERTIES LIMITED (3)
999 year lease from 29/09/2006
£100
29/09/3005
Second
Residential
Not measured
INDIVIDUAL (3)
999 year lease from 29/09/2006
£100
29/09/3005
Totals
77.45 sq m
(834 sq ft)
£15,200
(1) For the year ending 31st March 2012, Boots UK Limited reported a turnover of £6,354,000,000, pre-tax profits of £240,000,000 and a total net worth of £234,000,000. (Source: www.riskdisk.com 27/03/2013) (2) The lease is subject to a schedule of condition. (3) Statutory Section 5B Notices have been served an all residential tenants – See Legal Pack for further details
Contacts
Seller's Solicitors
Lawrence Graham LLP 4 More Riverside London SE1 2AU
