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Office for sale

High Street, Edgware, HA8

Offers in Excess of £5,000,000

Property Description

Full description

Tenure: Freehold

The property is within a terrace of commercial buildings between Grove Road and Manor Park Crescent, opposite Canons Drive, one of the most prestigious residential areas within North London. It is arranged on ground and three upper floors and has the advantage of access both from the High Street and the main reception area via the car park.

LOCATION AND CONNECTIVITY

The property is located in Edgware town centre. Edgware is situated in North London; 11 miles from Central London within the London Borough of Barnet. It offers excellent communication by road and rail to both London and the motorway network (M1, M25, A1).
The property is situated on the High Street (A5). which leads directly into Central London. It is within the heart of Edgware, a few minutes’ walk from Edgware Underground (Northern Line) and Bus Station; as well as the Broadwalk Shopping Centre and other facilities.


DESCRIPTION

The property is within a terrace of commercial buildings between Grove Road and Manor Park Crescent, opposite Canons Drive, one of the most prestigious residential areas within North London. It is arranged on ground and three upper floors and has the advantage of access both from the High Street and the main reception area via the car park.
The ground floor comprises of 5 retail/showroom units and the three office floors have been refurbished and are capable of sub-division into suites.
There are 23 car spaces currently, 7 for the ground floor and 16 for the offices.


PLANNING

The building is located in London Borough of Barnet. It is not Listed, or in a conservation zone and is in a designated high rise development zone.
Current use of the building is A1/A2 and B1. These would fall under Class E following the recent planning law changes.


DEVELOPMENT AND ASSET
MANAGEMENT OPPORTUNITIES

There are various opportunities to increase value including: refurbishment and extension of the office space, change of use to residential, or a new build development.
The property has two granted planning consents:
• Permitted development was granted on 16th September 2019 for the change of use of the B1 offices on 1, 2 & 3 floors to 18 studio units. There would be 6 flats per floor (5 x 48.5 sq m and 1 x 45 sq m).
London Borough of Barnet Planning ref - 19/3729/PNO
• Rear extension to the first, second and third floors with new lift and reception area was granted in November 2019. This would provide 3 new office floors totalling 576 sq m (6200 SQ FT ) GIA - 192 sq m ( 2067 sq ft) GIA per floor.
London Borough of Barnet Planning ref 19/3768/FUL

In addition to the consented schemes, initial conversations with the local authority have indicated support for a comprehensive residential led redevelopment of the site, with increased massing both in terms of height and to the rear. Further information on request.
Floor plans and further information of the consented schemes available in the data room.


More information from this agent

Nearest stations

  • Edgware (0.3 mi)
  • Canons Park (0.7 mi)
  • Burnt Oak (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petermans, Edgware

8 The Promenade, Edgware Lane, Edgware, HA8 7JZ

020 8012 2839 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Edgware (0.3 mi)
  • Canons Park (0.7 mi)
  • Burnt Oak (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Petermans, Edgware

8 The Promenade, Edgware Lane, Edgware, HA8 7JZ

020 8012 2839 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference EDG210029. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Petermans, Edgware. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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