Location Estimated District Population: 216,000 Miles: 8 miles north of Central London Roads: A105, A109, A406
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan Rent £88,000 pa
Prime Freehold Retail Investment in Popular North London Suburb
• Entirely let with guarantee from Barratts Priceless Limited
• Lease expires September 2021 • Two flats included within shop lease
• Adjacent to Marks & Spencer in the heart ofWood Green
• Completion 19th December 2011 26
Position The property is located in a prime trading location adjacent to Marks & Spencer on High Road, very close to Wood Green Shopping City, in the heart ofWood Green town centre.
Nearby: Marks & Spencer, Sainsbury’s, Bhs, Tesco Express, River Island, Mothercare, Matalan, McDonald’s, Lidl, Superdrug and Boots the Chemist
Description SHOP arranged on the ground and first floors with self- contained residential accommodation arranged on the second and third floors, accessed from High Road.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First Second/Third
Sales/Ancillary Ancillary Residential (not inspected) – understood to comprise 2 x 3 Bedroom Flats
Total Commercial Area
Tenure Freehold.
Tenant
PRICELESS SHOES PROPERTIES 5 LIMITED with a guarantee from BARRATTS PRICELESS LIMITED (1)
Lease Term: Approximately 12 years from 10th August 2009 Basis: FRI Rent: £88,000 per annum Reviews: September 2014 and 2019 Expiry: 28th September 2021
VAT is applicable to this lot – please see Special Conditions of Sale.
Net Internal Areas
116.12 sq m 102.19 sq m –
218.31 sq m
(1,250 sq ft) (1,100 sq ft) (–)
(2,350 sq ft)
(1) Trading as Priceless Shoes. For the 78 weeks to 07/10, Barratts Priceless Limited reported a total turnover of £218.5 million, pre-tax profits of £6.1 million and total assets of £29.7 million. (Source: One Source One-Stop Report) The tenant has sub-let the flats on Assured Shorthold Tenancy Agreements at a combined sub-let rent of £28,359.96 per annum – please see legal documentation.
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Shulmans LLP. t: 0113 207 0187. e: etasou@shulmans.co.uk Ref: Mrs E Tasou.