Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment occupying a prominent corner pitch and forming part of an established parade.
Arranged across ground floor only, the property is let to Houfu Limited (t/a Evergreen Health) on a 10 year lease with no breaks expiring 01/10/2033 and paying £19,000 per annum. The lease includes a fixed uplift in rent to £20,000 per annum in October 2025 and the Vendor will "top up" the rent to this level from completion.
The property may benefit from asset management potential, with the adjacent 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
Rent