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For Sale by Auction on 19th September 2024, Freehold Commercial Investment, Enterprise Rent-A-Car, 8 Jute Lane, Enfield, EN3 7PJ

750 Sq Ft / Industrial / Investment

Withdrawn - Last updated: 18 September 2024

For Sale by Auction on 19th September 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.

Accommodation

Site totalling approximately - 0.12 hectares (0.30 acres)

Single storey building - 69.70 sq m (750 sq ft)

Terms

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).

Tenure - Freehold

Guide Price - £725,000

Specification

  • 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


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