High Road, London, N20
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Part Investment / Part Vacant
- Scope to Convert & Extend (STPP)
- High Road location
- Parking
Description
The Ground Floor is currently let to The French Market on a 15 Year lease from September 2020. The current passing rent is £62,400 PAX. (+ parking - see separate note). There is a 5 yearly rent review pattern - 2025 review is currently being discussed.
See plan of the unit prior to the current fitting out for the French Market
Totteridge & Whetstone station (Northern Line) and Oakleigh Park Station (Mainline), are the closest and serve the general area. The High Road is served by several bus routes.
Whetstone has a good array of retail premises, restaurants & coffee shops.
STPP there is scope to develop the currently vacant upper floor offices into residential, as well as creating a new floor above. See existing plan of the property as well as provisional drawings for the residential conversion.
Rear Parking: Held on separate title, but forming part of the sale, the rear car park has provision for 5-6 cars. The French Market rent 2 spaces for £2,200 pa - increasing to £2,500 pa in Sept 2025.
Legal Costs: Each party to pay their own legal costs
Business Rates: According to the VOA web site, the Rateable Value for the ground floor from April 2023 is £73,500 and for the first floor it is £59,000. This is NOT the amount of rates payable. For the actual amount of rates payable, interested parties are advised to make their own enquiries with the London Borough of Barnet.
Viewings - Strictly by appointment only
High Road, London, N20
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Totteridge & Whetstone Station0.2 miles
- Oakleigh Park Station0.6 miles
- Woodside Park Station1.1 miles
Notes
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