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8 & 8A Southbury Road, Enfield EN1 1YT

For sale: POA|2024 Sq Ft|Offices, General Retail, Retail

PROPERTY DETAILS

FOR SALEPOA
SIZE2024 Sq Ft
ADDRESS8 Southbury Road, EN1 1YT
TYPEOffices, General Retail, Retail
TENUREFor Sale Freehold
POSTED ON22nd November 2019

DESCRIPTION

Comprises of mid-terrace three storey building providing self-contained ground floor and basement A1/A2 use with separate self-contained offices at 1st and 2nd floors.

Location

The property is situated within the Enfield Town conservation area, fronting the busy A110 Southbury Road just east of the main shopping location and Palace Gardens Shopping Centre where multiple retailers are represented. The A10 Great Cambridge Road is easily accessible and in turn provides access to the A406 North Circular Road to the south and M25, Junction 25 to the north. Enfield Town and Enfield Chase Overground stations are within easy walking distance, whilst various bus routes serve the area.

Terms

Freehold investment subject to tenancies.

Price: £725,000

All prices are subject to VAT if applicable.
SUBJECT TO CONTACT.

Features

Current Total Income: £42,000 per annum exclusive.
Shop Let to William Hill Organisation Ltd.
Fri Lease for 20 years from 14 February 2013 subject to rent reviews at 5 yearly intervals. Passing rent: £29,000 pax. Break clause at 5th and 10th year.
1st and 2nd Floor Offices let to Maison Moti Ltd.
FRI lease for 10 years from 14 May 2016 subject to rent review at expiry of 5th year 14 May 2021. Passing rent £13,000 pax.

LOCATION

Location: 8 Southbury Road, EN1 1YT

Oakwood (2.3 miles)

Southgate (2.6 miles)

Cockfosters (3.1 miles)

Enfield Town (0.1 miles)

Enfield Chase (0.6 miles)

Bush Hill Park (0.8 miles)

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