Tesco, 206 Regents Park Road, London, N3 3HP
Size
3,772
Tenure
Freehold
EPC
Parking
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- Primary use
- Shop
- Other use(s)
- Other
- Frontage
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No floor / site plan
Key features
- Brand new convenience store & HMO investment in a prominent position in Finchley, 10 minutes’ walk from Finchley Central underground station.
- Ground Floor let to the undoubted covenant of Tesco Stores Limited on a 15 year lease (no breaks) with 5 yearly upward only CPI reviews. 1% collar & 3% cap.
- Redeveloped to meet Tesco's exacting thermal, acoustic and quality standards including roofs benefiting from 10 year manufacturers warranties.
- 10 double, ensuite HMO rooms across two flats on the upper floors. All rooms feature Daikin ultra-efficient reversible air conditioning ensuring minimal operating costs whilst maximising tenant amenity and income potential. (Under offer)
- Immaculate ‘Grade A’ specification throughout.
- The residential parts have been designed and purpose built for HMO use to maximise tenant amenity and minimise maintenance and management. (Under offer)
- The HMOs have been awarded a virtually net zero "A2" and "A4" EPC rating and include 21 PV Roof Panels to maximise energy efficiency and minimise utility costs.
- Total Floor GIA of convenience store 3,772 sq. ft
- Total rent of £125,000 per annum from the Convenience Store Investment.
- The Guide Price Reflects a 5.22% NIY, assuming usual purchasers costs.
Description
Description
The property has been converted from an E-class unit to provide a convenience store at ground floor level, with ancillary space and two HMO flats with a total of 10 lettable rooms above. Planning consent for the conversion was granted by Barnet Council under reference 24/1644/FUL on 16 October 2024. The works have been completed and Tesco opened the store on 21st August 2025.
Internally, the first floor provides ancillary space for the convenience store. In addition, there is residential accommodation comprising a four-bedroom HMO, each with ensuite facilities, and an open-plan kitchen and living room. Two terraces serve the flats at the rear of the property.
The second floor contains a six-bedroom HMO, also with ensuite facilities and an open-plan kitchen and living room.
Location
Finchley is a popular suburban district in North London within the Borough of Barnet. The property, a Tesco Express, occupies a prominent position on Regents Park Road, a busy arterial route lined with a mix of retail, residential, and leisure uses.
The site benefits from excellent transport links. Regents Park Road connects directly to the A406 North Circular, providing access to the wider London road network including the M1 and A1. Finchley Central Underground Station is less than half a mile away, offering Northern Line services to Central London in around 20–25 minutes. Several bus routes also operate along Regents Park Road, connecting to Golders Green, Hendon, and Barnet.
Central London lies approximately 8 miles to the south, while Brent Cross Shopping Centre, one of North London’s largest retail destinations, is just 2 miles away.
Tenancy
The ground floor and part first floor of the property is let to the Tesco Stores Limited for a term of 15 years (no breaks).
The rent passing is £125,000 per annum exclusive. Rent is subjected to CPI linked upward only rent reviews at the fifth and tenth anniversaries of the lease with a collar and cap of 1-3% compounded annually.
The HMO rooms are let on individual AST's and generate an average rent per calendar month of £1,325 per unit. Overall rent role for the HMO's is therefore in the order of £160,000 per annum (gross). Due to building efficiencies we envisage a net rent position of £150,000 per annum.
Tenure
Freehold (MX471426).
The convenience store investment will be sold at a 999 year lease at a peppercorn rent.
Covenant
Tesco Stores limited has been given a ‘5A2’ D&B Rating and is owned by its parent company Tesco Plc and we summarise their performance for the year ending February 2025. The tenant can therefore be considered of a strong undoubted covenant strength.
EPC
Convenience Store rating – B27
HMO (Flat 1) rating – A4
HMO (Flat 2) rating – A2
The EPC’s will be provided to interested parties upon request.
Guide Price
We are seeking offers in the order of £2,250,000 for the convenience store, which reflects a 5.22% NIY.
Separately, we are seeking offers in the order of £2,100,000 for the HMO, which is currently under offer.
VAT
The investment will be sold as a TOGC and will therefore be exempt from paying VAT.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.
Viewing
Viewing strictly via appointment with the following:
The property has been converted from an E-class unit to provide a convenience store at ground floor level, with ancillary space and two HMO flats with a total of 10 lettable rooms above. Planning consent for the conversion was granted by Barnet Council under reference 24/1644/FUL on 16 October 2024. The works have been completed and Tesco opened the store on 21st August 2025.
Internally, the first floor provides ancillary space for the convenience store. In addition, there is residential accommodation comprising a four-bedroom HMO, each with ensuite facilities, and an open-plan kitchen and living room. Two terraces serve the flats at the rear of the property.
The second floor contains a six-bedroom HMO, also with ensuite facilities and an open-plan kitchen and living room.
Location
Finchley is a popular suburban district in North London within the Borough of Barnet. The property, a Tesco Express, occupies a prominent position on Regents Park Road, a busy arterial route lined with a mix of retail, residential, and leisure uses.
The site benefits from excellent transport links. Regents Park Road connects directly to the A406 North Circular, providing access to the wider London road network including the M1 and A1. Finchley Central Underground Station is less than half a mile away, offering Northern Line services to Central London in around 20–25 minutes. Several bus routes also operate along Regents Park Road, connecting to Golders Green, Hendon, and Barnet.
Central London lies approximately 8 miles to the south, while Brent Cross Shopping Centre, one of North London’s largest retail destinations, is just 2 miles away.
Tenancy
The ground floor and part first floor of the property is let to the Tesco Stores Limited for a term of 15 years (no breaks).
The rent passing is £125,000 per annum exclusive. Rent is subjected to CPI linked upward only rent reviews at the fifth and tenth anniversaries of the lease with a collar and cap of 1-3% compounded annually.
The HMO rooms are let on individual AST's and generate an average rent per calendar month of £1,325 per unit. Overall rent role for the HMO's is therefore in the order of £160,000 per annum (gross). Due to building efficiencies we envisage a net rent position of £150,000 per annum.
Tenure
Freehold (MX471426).
The convenience store investment will be sold at a 999 year lease at a peppercorn rent.
Covenant
Tesco Stores limited has been given a ‘5A2’ D&B Rating and is owned by its parent company Tesco Plc and we summarise their performance for the year ending February 2025. The tenant can therefore be considered of a strong undoubted covenant strength.
EPC
Convenience Store rating – B27
HMO (Flat 1) rating – A4
HMO (Flat 2) rating – A2
The EPC’s will be provided to interested parties upon request.
Guide Price
We are seeking offers in the order of £2,250,000 for the convenience store, which reflects a 5.22% NIY.
Separately, we are seeking offers in the order of £2,100,000 for the HMO, which is currently under offer.
VAT
The investment will be sold as a TOGC and will therefore be exempt from paying VAT.
Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.
Viewing
Viewing strictly via appointment with the following:
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: B
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
Environmental data
- BREEAM rating
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- Environmental description
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Tesco, 206 Regents Park Road, London, N3 3HP
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