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Home » Property Search » Auctions » Current Auction » 206-210 Hertford Road, Enfield, Middlesex, EN3 5BH

Lot 35 - 206-210 Hertford Road, Enfield, Middlesex, EN3 5BH

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LONG LEASEHOLD RETAIL INVESTMENT

Guide price: £700,000 plus *

Auction Date

Monday, 2nd October 2017 11:00am

Location & Description

A long leasehold end of terrace corner shop with ancillary storage on the west side of Hertford Road at the junction with Brick Lane, close to the junction with Green Street and to the south of Carterhatch Lane. The property is within a well represented busy retail parade with a service road in front providing on road parking facilities.
The nearby A10 provides access to the North Circular Road (A406) and the M25 Junction 25.
Comprising three adjoining and intercommunicating shops which have been combined to form a large single unit.
Nearby national retailers include William Hill, Paddy Power, KFC, Co-op and NatWest Bank.

Lease Details

The entire retail area is held on a 999 year lease at a peppercorn.

EQUIVALENT TO £60,000 p.a.

EPC Rating

On application

Property Features

  • Busy Local Parade
  • Numerous National Retailers include William Hill, NatWest, Co-op
  • Good Covenant Strength

Result

Sold after auction for an undisclosed amount

Accommodation

Column 1 Column 2 Column 3
Retail: 1,925 sq ft (178.8 sq m)
Ancillary Storage: 267 sq ft (24.8 sq m)
Total: 2,192 sq ft (203.6 sq m)

The shop is occupied by Savers (a subsidiary of Superdrug and part of the A.W. Watson Group who have a portfolio of 10,000 retail units worldwide) on a 15 year repairing & insuring lease from 2006 outside the provisions of sections 24-28 of Landlord & Tenant Act 1954 at a rent of £60,000 p.a. The residential upper parts are not within the demise.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.