Hedge Lane, London, N13
£283.38 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,382 sq ft
221 sq m
- SECTOR
Healthcare facility for sale
- USE CLASSUse class orders: Class E
E
Key features
- Single storey Doctors Surgery with 2 bed maisonette
- Approximately 1,620 sq ft of ground floor commercial space (currently let to a Doctors Surgery)
- Current FRI lease expired on the 30th June 2016 and holding over
- Let for £25,900 PA which is under market value, with an ERV of £40,000 PA (£25 PSF)
- 2 Bed maisonette is offered subject to an existing tenancy, expiring on the 11th March 2024
- Maisonette currently Let at £15,480, with an ERV of £19,200 PA
- Total combined income - £41,380 PA combined ERV £59,200 PA
Description
The premises is located just off Hedge Lane which provides quick access to the A406. The surrounding area is mainly residential, with the prominent Green Lanes street at the other end of Hedge Lane, providing a mixture of different amenities including retail shops, restaurants, supermarkets and cafe's.
There are a number of useful bus services located nearby the property, as well as being within walking distance of Palmers Green station, which provides Great Northern Train services. Winchmore Hill Station is the second closest station to the property, located 1.3 miles away from the site, which provides the same services as Palmers Green Station. Southgate station is within 1.7 miles from the premises, which provides Piccadilly line services throughout London to Uxbridge & Heathrow airport. The property also benefits from being located within walking distance from Hazelwood Recreation Ground which may be useful for certain occupiers.
Commercial
The commercial element comprises a single storey doctors surgery which benefits from E use. The current tenant 'Medicus Health Partners' are holding over on a full repairing and insuring lease that expired on the 30th June 2016. The lease is inside the Landlord and Tenant Act 1954 and the rent is currently £25,900 per annum which is below market value. The ERV is £40,000 per annum (£25 psf).
There is an opportunity to regear on new terms to be negotiated with the existing tenants or other alternative occupiers including Nursery, Education & Religious - subject to necessary consents.
Approximate size - 1,620. sq, ft with demised outdoor space.
Residential
This property contains a 2 bedroom maisonette which is arranged over ground and first floor. There are kitchen facilities on the ground floor, with bedroom, bathroom and WC facilities on the 1st floor. There is potential for further development by way of loft conversion. It is being offered subject to an existing 12 month AST which expires on 11th March 2024. Currently let below market value at £15,480 per annum. The ERV is £19,200 per annum.
Approximate size - 762 sq. ft
Hedge Lane, London, N13
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Palmers Green Station0.7 miles
- Winchmore Hill Station0.9 miles
- Silver Street Station1.0 miles
About Alex Martin Commercial Ltd, London
Alpha House, 100 Borough High Street, London, SE1 1LB
Notes
Disclaimer - Property reference AMP3930. 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 Alex Martin Commercial Ltd, London. 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.
Map data ©OpenStreetMap contributors.