Commercial Property to rentGallants Farm Road, East Barnet, Barnet, EN4
Located in a small secondary parade of mixed users serving the local community, this A1 lock up unit provides the ingoing tenant the opportunity of establishing their business whilst enjoying the benefits of the stepped rent period. Features include an alarm, air conditioning and parking for one vehicle to the rear. The premises are within approximately a quarter of a mile of Oakleigh Park main line station.
Main retail area has a width of approx 173 (5.26m) and a depth of approx 19 (5.79m), a passageway (with storage recess) leads to a kitchen of approx 73 (2.21m) x 63 (1.91m) and a WC.
Approx 373ft² (34.65m²)
SUSPENDED CEILING WITH INSET AND DEFUSED LIGHTING
ELECTRIC PANEL HEATERS
Each party responsible for their own costs.
Assignment of 5 year lease which commenced in November 2010. Break clause at the end of year 3 - subject to 6 month notice.
According to the VOA web site the rateable value is £6,000. UBR at 0.414p in the £ = £2,484 payable for 2010/2011. The actual amount of rates payable may be subject to transitional phasing and interest parties are advised to make their own enquiries to the London Borough of Barnet. Tel: 020 8359 2735.
A stepped rent structure currently into its first year. The current rent is £6,500 PAX rising to £7,000 PAX for year 2, £7,250 for year 3 and £7,500 for years 4 and 5.
A sum of £5,000 is sought for the outgoing tenants exit costs and recent refurbishment.
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