Skip to main content

No longer on the market

This property is no longer on the market

28 - enfield en3-13 jpg
28 - enfield en3-4 jpg
28 - enfield en3-22 jpg
28 - enfield en3-28 jpg
28 - enfield en3-10 jpg
28 - enfield en3-31 jpg
28 - enfield en3-18 jpg
28 - enfield en3-6 jpg
2023-12-21  22-30-55 img 1357 pssna jpg
2023-12-21  22-30-55 img 1355 o5oks jpg
2023-12-21  22-30-55 img 1361 zwcn9 jpg
2023-12-21  22-30-54 img 1349 yod7h jpg
2023-12-21  22-30-54 img 1351 latzn jpg
2023-12-21  22-30-54 img 1354 d0t5k jpg
2023-12-21  22-30-56 img 1364 fng6g jpg
2023-12-21  22-30-52 img 1335 qeh3h jpg
2023-12-21  22-30-53 img 1338 hfvv3 jpg
2023-12-21  22-30-53 img 1339 gqyfv jpg
2023-12-21  22-30-53 img 1346 nxdyy jpg
Site plan jpg

Property

Auction
Property
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent

Features and description

  • Freehold commercial investment
  • Let to Enterprise Rent-A-Car (1) 
  • Previously additional income was derived from advertising hoardings
  • Prominent main road frontage
  • Future development potential (subject to consents)
  • Producing £50,000 per annum  (1) (2)
  • On the instructions of James Liddiment and Paul Greenhalgh of Kroll Advisory acting as Joint LPA Receivers
  • Online Auction on Wednesday, 27 March 2024

An irregular shaped site totalling approximately 0.12 hectares (0.30 acres). The site contains a single storey building totalling approximately 69.70 sq m (750 sq ft) as well as a car wash. The remainder of the site is used as car parking/vehicle storage and previoulsy there were three advertising hoardings on the site that provided an additional £10,000 per annum income.

The site may offer future development potential, sibject to obtaining the necessary consents. Prospective pruchasers are advised to make their own enquiries in this regard.


Location:

Enfield lies approximately 10 miles north of Central London and can be accessed via the A10 and A1055, with the former linking with the M25 motorway at junction 25 to the north. The area is well served by public transport with overland rail services provided at Brimsdown, Ponders End and Enfield Chase railway stations and underground services at Bush Hill Park and Southbury underground stations. In additon numerous bus routes serve the area and London Luton Airport lies approximately 32 miles to the north west.

Jute Lane runs south from Green Street at its juncton with Mollison Avenue (A1055) to the east of Enfield town centre. The property commands a prominent corner position fronting Mollison Avenue on its west side. Notable nearby occupiers include McDonalds, DHL, Matalan and Toolstation.


Tenancy:

The tenant trades from in excess of 430 locatons across the UK and for the year ending 31/07/2022 reported a turnover of £1.34 billion, a pre-tax profit of £206.66 million and shareholders funds of £469.22 million (source: Companies House).


Online Auction on Wednesday, 27 March 2024. For further information, such as legal documents and property information, please visit bidx1.com.
Visit agent website

About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
... Show more

See more properties like this

*Disclaimer and call rate information...