Barnet Road, Potters Bar

LOCATION
The building is based within a short (13 minutes) walk to Potters Bar Station. Until 1850, Potters Bar was a farming community to the north of London. The arrival of the railway in that year began the town's transformation into the commuter town that it is today, with trains departing for London King's Cross, Welwyn Garden City, Cambridge and Peterborough. The station itself is contained within a modern office building, and visitors emerge onto Darkes Lane, the main shopping street of the town. Close to the station you'll find the Old Manor, a surviving section of the 13th century manor house around which the original village developed. Known as Wyllyotts Manor - although no family of that name are ever known to have lived there - it is now a pub and restaurant. The unknown family also give their name to the neighbouring Wyllyotts Theatre, an entertainment venue with a programme of films, plays and live music.

DESCRIPTION
A unique opportunity to acquire this rarely available, corner plot, Freehold investment opportunity in Potters Bar.

The building comprises of ground, first and second floors with roof space development potential subject to the necessary planning consents. The flat above has been sold off on a long lease with circa 125 remaining years.

The ground floor is occupied by a tanning and beauty salon which will remain unaffected. Simultaneously upon the sale, a new 5 year lease will be granted at £19,500p.a.

Purchasing with vacant possession is possible for a premium of £75,000.
The shop itself spans in excess of 775 square feet with potential to extend at the rear, again, subject to the necessary consents.

The shop is in modern throughout with a combination of tanning & beauty rooms, salon chairs, a rear kitchenette and staff toilets, with the benefit of rear access.

It further boasts a wide frontage and the benefit of being a corner position.

Rarely available freehold investment opportunity
Potential to extend at the rear of the shop and roof space (STPP)
Large shop spanning in excess of 775 square feet
Corner position
Vacant possession potential
Offers in excess of £350,000

Please contact one of our commercial consultants at your earliest convenience to avoid potential disappointment.

VAT
It is of our understanding that VAT is not applicable on the purchase.

VIEWING
Strictly by appointment only.