119 High Road, Wood Green, N22 6BB

Offer in excess of

ÂŁ1,200,000

Size

1,908

Tenure

Freehold

EPC

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Parking

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Primary use
Other
Other use(s)
High street retail

No floor / site plan

Key features

  • Mixed use retail & residential investment
  • Prominent position on High Road, Wood Green
  • Adjacent to The Mall
  • Scope to add value
  • Approved planning for upper floor extension & residential conversion
  • Annual income of ÂŁ65,000 from ground floor shop

Description

The property occupies a prominent position on Wood Green’s High Road, the primary shopping destination in Wood Green. The High Road has been named one of Wood Green’s key placemaking areas in their regeneration scheme by creating a network of high-quality public realm improvements for people to spend time in and relax.

The property comprises a ground floor shop let to Bubbleology with vacant first & second floor ancillary space. The uppers have been granted planning permission for a rear extension and conversion into two self-contained flats accessed from the rear of the property.

The subject property is adjacent to the Mall which includes a 12 screen Cineworld, TK Maxx, Pure Gym, Lidl, Boots, Primark, and close proximity to two car parks with a total of 1,300 spaces.

Wood Green is a vibrant and busy area of north London, within the Borough of Haringey. This is an exciting area with easy access to events at Alexandra Palace and a short distance to Tottenham Hotspur stadium. These amenities attract a high footfall as well as being enjoyed by residents.

Haringey is the capital’s best-connected borough, being just 10 minutes away from central London, with direct routes to King’s Cross, Liverpool Street, Cambridge, and Stansted Airport. Wood Green Tube station provides the area with excellent connectivity There is also potential for a future Crossrail 2 station, which would connect Haringey to South-West London.

Wood Green is currently undergoing a regeneration scheme, strengthening its position as the economic and cultural heart of North London. This will be done by revitalising public spaces, improving connections to the Cultural Quarter and enhancing parks and green spaces. High Road and Station Road are both key areas of the scheme, with plans to make the area more welcoming through diversifying amenities, to include big retailers, local retailers and community dedicated spaces for artwork and events. Nearby on the High Road is The Mall Shopping Centre with tenant’s including Cineworld, Boots, Pret, JD and Five Guys.

The ground floor only is let to Bubbleology for 10 years, from 31 July 2023 and expiring 30 July 2033, on eFRI basis, with a 5th year tenant only break, at a rent of ÂŁ65,000 per annum exclusive (stepped rent of Y1 ÂŁ60,000, Y2 ÂŁ61,000, Y3&4 ÂŁ63,500 and Y5 ÂŁ65,000) to be topped up by the vendor.
Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
No
Energy performance certificate: Ask agent

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

119 High Road, Wood Green, N22 6BB

NEAREST STATIONS

London Underground

Turnpike Lane Station

0.25 miles

London Underground

Wood Green Station

0.33 miles

National Rail

Hornsey Station

0.5 miles

About Brasier Freeth, London

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We offer an extensive range of services including business space and retail agency, rent reviews and lease renewals, valuations, rating, property management, development and building consultancy. We pride ourselves on remaining friendly and approachable, so please contact us to see how we can add value to your business by assisting with your property related matters.

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Disclaimer - Property reference 302481-1. 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 Brasier Freeth, 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.