127 East Barnet Road, Barnet
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Includes Rear Yard
- Let on a Lease with One Year Unexpired
- Asset Management Potential Via Extension / Renewal
- Development Potential (subject to consents)
- High Footfall Street
- Investment Let at £40,000 p.a. (11.43% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with ancillary space to the upper parts, as well as a rear yard (accessed by a central passageway) the property is let on a new one year lease producing £40,000 per annum.
The lease is contracted out of the Landlord and Tenant 1954 Act and includes a rolling tenant break option with one month notice.
We consider the property benefits from asset management potential by extension/renewal of the existing lease or via variation of the existing terms.
The property may also benefit from conversion/development potential by way of converting the upper parts to residential (subject to the existing lease and any requisite consents). We understand the adjacent 129 East Barnet Road includes a two bedroom flat to the upper parts.
The property occupies a prominent pitch fronting East Barnet Road, a high footfall arterial route characterised by mixed retail/residential uses.
Brochures
127 East Barnet Road, Barnet
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- New Barnet Station0.3 miles
- Oakleigh Park Station0.7 miles
- Cockfosters Station0.9 miles
Notes
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