43/45 Church Street, Enfield EN2 6AJ
INVESTMENT OPPORTUNITY: Two ground floor shops with first floor office. Plus four studio/one bed flats in Enfield Town.
Property type Shops - Professional and fiancial services (A2), Shops - Retail (A1), Shops - Retail Hot Food / Drink (A3, A4, A5)
Size 5,199 sqft
Terms
Features
  • Two ground floor shops and first floor (rear) offices and fully let producing £83,000 pax
  • Four Studio/One bedroom Flats at First & Second Floors (front) and fully let producing £3,625 pcm (i.e. £43,500 pa
  • Total income £126,500 pax
  • Prominent position on the north side of Church Street Enfield
About this property

Description
The premises which has main road frontage comprises of two units on the ground floor, first floor rear offices let with the ground floor of 43 Church Street and four flats at First and Second floors.

43 Church Street and the first floor offices to the rear over 43/45 Church Street are let and trade as Gordon Thomas Opticians. The property is let for a term of 20 years from 20 May 2002 at a passing rent of £50,000 pax.

45 Church Street trades as Roosters Piri Piri and is let for a term of 20 years at a rent rising from £33,000 pax year one to £37,000 pax year 5.

Flat 1 AST 18 June 2019 at £875 PCM
Flat 2 AST 25 February 2019 £950 PCM
Flat 3 AST 6 February 2019 £850 PCM
Flat 4 AST 21 May 2018 £975 PCM

Location
The property is situated on the North side of A110 Church Street, west of the junction of Little Park Gardens and is within the Enfield Town Conservation Area. The main pedestrian entrance to Palace Gardens Shopping Centre is located on the opposite side of Church Street to the east. Enfield Chase station is located to the west and Enfield Town Station is located to the east.

Energy Performance Certificate (EPC)
The full EPC And recommendation report can viewed and downloaded from our website www.bowyerbryce.co.uk

Floor Areas
The Commercial premises are Net Internal Areas.
The Residential premises are Gross Internal Areas.

All areas are approximate only.

43 Church Street & 1st floor rear offices 43/45 Church Street: 2,109 sq ft (196 sq m)
45 Church Street: 1,324 sq ft (123 sq m)
Flat 1: 388 sq ft (36 sq m)
Flat 2: 495 sq ft (46 sq m)
Flat 3: 388 sq ft (36 sq m)
Flat 4: 495 sq ft (46 sq m)
Total: 5,199 sq ft (483 sq m)

Terms
The property is available as a Freehold Investment Property.

Price
Price upon application.

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

Lease Details
43 and first floor 43/45 (rear) Church Street is 20 years from 20 May 2002.
45 Church Street (ground floor) 20 years from 1 October 2018.

Business Rates
Interested parties should confirm the rateable value and rates payable with the Local Charging Authority. The Rateable Values of the commercial Premises and the Council Tax bandings for the residential parts can be checked at www.voa.gov.uk.

CONTACT US

Ian Harding

M: 07956 374326

T: 020 8370 2536

Additional property information

View Brochure (PDF) >