Entirely let to The First Secretary of State until December 2019 (subject to option)
Prominent position on Broad Lane (A10)
Located next to Tottenham Hale Retail Park
Benefits from rights to park approximately 30 cars
Future redevelopment opportunities (subject to consents)
Six Week Completion
Lot 43
Auction 17th October 2013
Rent £162,843 per Annum Exclusive
Status Sold
Price £1,400,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square Mayfair London W1K 2HP
On behalf of Joint LPA Receivers, Dana Genis and Marcus Stone
Property Information
Location
Miles
6 miles east of Finchley, 6 miles north-west of Stratford, 7 miles north of Central London
Roads
A10, A406 (North Circular Road), A1010
Rail
Tottenham Hale & Seven Sisters Underground (Victoria Line) and Rail (direct trains to St Pancras, Liverpool Street, Victoria and Euston)
Air
London City, London Luton, London Stansted
Situation
The property is situated on the eastern side of Broad Lane (A10) within the vibrant North London suburb of Tottenham, some 6 miles north of Central London. Tottenham Hale Retail Park is located next to the property and houses a number of national retailers including Argos, Next, Staples, ASDA Living, B&Q, KFC and Burger King.
Tenure
Freehold.
Location
Miles
6 miles east of Finchley, 6 miles north-west of Stratford, 7 miles north of Central London
Roads
A10, A406 (North Circular Road), A1010
Rail
Tottenham Hale & Seven Sisters Underground (Victoria Line) and Rail (direct trains to St Pancras, Liverpool Street, Victoria and Euston)
Air
London City, London Luton, London Stansted
Situation
The property is situated on the eastern side of Broad Lane (A10) within the vibrant North London suburb of Tottenham, some 6 miles north of Central London. Tottenham Hale Retail Park is located next to the property and houses a number of national retailers including Argos, Next, Staples, ASDA Living, B&Q, KFC and Burger King.
Tenure
Freehold.
Description
The property comprises 1,259.88 sq m (13,562 sq ft) of modern office accommodation over ground and first floors. The property also benefits from the right to park approximately 30 cars.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises 1,259.88 sq m (13,562 sq ft) of modern office accommodation over ground and first floors. The property also benefits from the right to park approximately 30 cars.
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 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
Review
Ground First
Office Office
629.94 sq m 629.94 sq m
(6,781 sq ft) (6,781 sq ft)
THE FIRST SECRETARY OF STATE (1)
25 years from 25/12/1994 until 24/12/2019 on a full repairing and insuring lease (2)
£162,843
25/12/2014
Totals
1,259.88 sq m
(13,562 sq ft)
£162,843
(1) The tenant is not currently in occupation and has sublet the ground floor to Epic Trust Limited (t/a Circle Support). (2)The lease provides an option to determine on 31st March 2018, subject to 12 months’ notice.
