Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment forming part of an established parade.
Arranged across ground floor only, the property is let to a Private Individual (t/a Glamorous Nails) on a 10 year lease with no breaks expiring 11.08.2029 and paying £19,000 per annum. The lease includes a fixed uplift in rent to £20,000 per annum in June 2026 and the Vendor will "top up" the rent to this level from completion.
The property may benefit from asset management potential, with a nearby unit recently letting for £25,000 per annum.
The property forms part of a popular local parade in the centre of Barnet. The area forms the principal retail amenity in Central Barnet with a number of national occupiers including Dominos and Tesco.
Tenure
Leasehold - 999 Year Lease from 1998 - Peppercorn Rent