Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment occupying a high footfall pitch and benefitting from asset management potential.
Arranged as a ground floor retail unit with ancillary space to the upper parts, as well as a rear yard (accessed by a central passageway) the property is let on a new one year lease producing £40,000 per annum.
The lease is contracted out of the Landlord and Tenant 1954 Act and includes a rolling tenant break option with one month notice.
We consider the property benefits from asset management potential by extension/renewal of the existing lease or via variation of the existing terms.
The property may also benefit from conversion/development potential by way of converting the upper parts to residential (subject to the existing lease and any requisite consents). We understand the adjacent 129 East Barnet Road includes a two bedroom flat to the upper parts.
The property occupies a prominent pitch fronting East Barnet Road, a high footfall arterial route characterised by mixed retail/residential uses.
Tenure
Freehold
Rent