Lot 40

187 Hertford Road, Edmonton, Enfield, N9 7EP

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  3. Wednesday 15th February 2023
  4. Lot 40 - 187 Hertford Road, Edmonton, Enfield, N9 7EP
£253,000 Result
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Lot 40
187 Hertford Road, Edmonton, Enfield, N9 7EP
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Bidding history 27 Bids
User Amount Date
Bidder 4 £253,000 15/02/23 11:15:56
Bidder 5 £252,000 15/02/23 11:15:55
Bidder 4 £251,000 15/02/23 11:15:33
Bidder 5 £250,000 15/02/23 11:15:31
Bidder 4 £249,000 15/02/23 11:15:21
Bidder 5 15/02/23 11:15:21
Bidder 4 £248,000 15/02/23 11:15:13
Bidder 5 15/02/23 11:15:13
Bidder 4 £246,000 15/02/23 11:14:58
Bidder 5 15/02/23 11:14:58
Bidder 4 £245,000 15/02/23 11:14:56
Bidder 5 15/02/23 11:14:56
Bidder 4 £244,000 15/02/23 11:14:53
Bidder 3 £243,000 15/02/23 11:14:50
Bidder 4 £242,000 15/02/23 11:14:32
Bidder 3 £241,000 15/02/23 11:14:19
Bidder 4 £240,000 15/02/23 11:14:07
Bidder 2 £239,000 15/02/23 11:13:57
Bidder 1 £238,000 15/02/23 11:13:55
Bidder 4 £237,000 15/02/23 11:13:44
Bidder 2 £236,000 15/02/23 11:13:35
Bidder 4 £235,000 15/02/23 11:13:23
Bidder 3 £234,000 15/02/23 11:13:05
Bidder 2 £233,000 15/02/23 11:12:56
Bidder 1 £232,000 15/02/23 11:10:32
Bidder 2 £231,000 15/02/23 11:10:10
Bidder 1 £230,000 15/02/23 08:29:56

Legal documents

You are advised to download and read the legal documentation prior to bidding.

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Legal documents

You are advised to download and read the legal documentation prior to bidding.

Log in to view legal documents

Freehold Investment

Description

In Same Ownership for approximately 31 Years

London Borough of Enfield

Located in a prominent Main Road Position with display frontage to Hertford Road and return frontage to Sutherland Road, close to local shopping/travelling facilities available in Edmonton Green and Enfield including Edmonton Green Overground Station. Jubilee Park is also nearby.

A Freehold Ground Floor Shop, Rear Single Storey Premises and First Floor Maisonette as follows:
Self-Contained First Floor Maisonette on lease for a term of 125 years from 29th September 1988 at a ground rent of £250 per annum rising.

Ground Floor Shop
• Retail Premises Let on virtual FRI lease (Guaranteed by AGA) to Mahir Danart (trading as gentlemen’s barber) for a term of 12 years from 22nd July 2011 at £10,000. per annum.

Note: Upward only rent reviews in 2015 and 2021 not implemented. (The tenant has recently taken an assignment of the lease.

Rear Single Storey Premises (aka 1a Sutherland Road)
• Approximately 780 sq ft

Let on virtual FRI lease to Mr Cazimoglu and Mr Lakeh as a social club for a term of 15 years from 24th February 2019 at a rental of £9,500 per annum with upward only reviews on 24th March 2024 and every three years thereafter.

Note: There may be future development potential of the Rear Single Storey Premises, subject to all necessary planning consents being obtained.

Currently Producing £19,750 per annum

Important Information

Each successful bidder will be required to pay the Auctioneers McHugh & Co., a non-refundable buyer's fee of £1,200 inclusive of VAT. Lots sold for less than £10,000 the buyer’s fee will be £300 inclusive of VAT. 
The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale. Buyers are deemed to bid in full knowledge of this.
Each lot is sold in its actual condition and state of repair and the buyer shall be deemed to have surveyed and inspected the lot prior to the auction. For the avoidance of doubt, purchasers shall raise no objection or recourse to McHugh & Co as to the structure or condition of a property and its state of repair. McHugh & Co give no warranty or guarantee as to the structure, condition or issues of a property. This is in reference to (a) the state of the structure of any property or the working condition of any fixtures, fittings, heating systems, appliances or other items included in the sale of any property and (b) the type of the structure or whether such structure is adequate or property constructed. For purchasers requiring funding by mortgage or other means, they are advised to organise this in advance of the auction and shall raise no objection or recourse to McHugh & Co over whether a property is suitable for their lenders criteria.
The successful bidder is under a Binding contract as soon as the Auctioneer's electronic gavel falls on his/her Bid. Upon a successful bid, the bidder’s card will be automatically debited for the bidder security amount, which is considered as a whole or contribution towards the deposit. The bidder security amount is non-refundable upon a successful bid. The bidder/purchaser will be required to pay the balance for the 10% deposit of the purchase price subject to a minimum deposit of £5,000 whichever is greater and buyers fee within 24 hours of the auction date. The completion date is set usually within 20 working days of the auction date. The timeframe for completion on individual lots may vary, please read the special conditions of sale within the legal documentation.
Guides prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.
Each purchaser shall be deemed to have read the legal documents or provided the legal documents to their legal representatives for advice on the lot they are intending on purchasing which has been made available on our website. The purchaser shall be deemed to have raised any enquiries with the vendors solicitors that a prudent purchaser would make. The purchaser is deemed to have read the special conditions of sale associated with the sale of the lot and bid in full knowledge of this and the legal documents prior to bidding.