East Barnet Road, Barnet, North London, EN4

FREEHOLD FOR SALE BY WAY OF INFORMAL TENDER (Unless Sold Prior)

CURRENTLY LET AND INCOME PRODUCING BUT WITH SCOPE FOR REDEVELOPMENT - SUBJECT TO VACANT POSSESSION & PLANNING CONSENT BEING OBTAINED

Currently let and income producing to a theatre school, the site is arranged with a building to the front, and further buildings to the rear with a yard between.

Overall, the site has a depth of approximately 120' (36.58m) and a width of approximately 60' (18.29m).

The site is conveniently situated for the shopping and transport facilities of New Barnet - including New Barnet mainline railway station.

FOR SALE BY INFORMAL TENDER (Unless sold prior)
OFFERS INVITED

SUMMARY OF ACCOMMODATION:

Plot Size: 60' (18.29m) width x 120' (36.58m) depth

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MAIN FRONT BUIDING

Ground Floor comprising admin office, kitchen/staff room, dance studio, WCs/Shower area.

First Floor comprising dance studio, 4 offices (2 are intercommunicating, and one leads to a store)

Approximate area: 2,360ft² (219m²)
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REAR BUILDINGS
- Double height theatre building (left rear)
- 2 storey building (mid rear) - configured with a waiting/bar area, and dance studio on the ground floor, with 2 further dance studios at first floor level.
- Lean-to store (right rear) Part store and part covered fire escape from the mid-building.

Approximate area: for these 3 rear buildings combined is 2,900ft² (269m²)

Business Rates: According to the VOA web site, the 2017 Rateable Value is £45,250.

The property is currently subject to a lease established in September 2001 for a term of 20 years. The current passing rent is £50,000 PAX. Discussions are currently in hand with the existing tenant - please contact us to discuss this in more detail.

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Written offers will need to be made for submission to the vendor for consideration by NOON on TUESDAY 2ND MARCH 2021

Either write to our Whetstone office; - 1320 High Road, London N20 9HP
OR email with your offer to:

Aside from the offer amount, written confirmation must be given, confirming;
- Buyer's Name (individual or company)
- Buyers Solicitor details (in readiness of an acceptable offer being made)
- Any specific conditions of the offer
- Proof of funding
- Both conditional and unconditional offers will be given consideration
- Dual offers will be acceptable, and details any required planning consent must be given.