Occupying a prominent corner position on the western side of Muswell Hill Broadway, at its junction with Woodberry Crescent, the premises sit approximately 150 metres north of the Muswell Hill roundabout. The parade combines independent traders with national occupiers including Aldi, Little Waitrose and Boots Opticians, and draws on Muswell Hill's established residential catchment as well as passing trade.
The accommodation comprises two adjoining ground-floor shops, Nos. 325 and 329, which are currently interconnected and trade as a single unit, with a combined net internal area of approximately 1,411 sq ft (131.1 sq m):
- No. 325: approx. 744 sq ft (69.1 sq m)
- No. 329: approx. 667 sq ft (62.0 sq m)
The two shops are linked through an existing opening in the central party wall. Further opening-up may be possible, subject to structural advice and the landlord's consent. To the rear is a yard with vehicular access from the rear service road and space to park one car.
The landlord's planned renovation of the building includes the rear ancillary areas: the two rear outbuildings will be rebuilt and a new ancillary area added to the side, improving the layout while keeping approximately the same floor area. Details can be discussed during negotiations.
The premises have Class E (commercial, business and service) planning use. They would suit fashion and lifestyle retail, a showroom or professional services. There are no kitchen or extraction facilities. The property lies within the Muswell Hill Conservation Area.
A new lease is available from 1 January 2027, with up to three months' rent free at the start of the term to allow for renovation and fit-out works. The new lease is subject to the incoming tenant paying a premium to the current outgoing tenant, as part of a simultaneous surrender and new lease (see Terms). Viewings strictly by appointment.
Services:
Mains electricity, gas and water, with separate supplies to each unit. Drainage is understood to be to the public sewer.
No. 325 has a wall-mounted air-conditioning unit providing heating and cooling. No. 329 has gas central heating via a combination boiler and radiators.
Customer WC (No. 325) and staff WC (No. 329).
None of the services or installations have been tested. Interested parties should make their own enquiries.
Rent:
£66,500 per annum, exclusive of business rates, utilities, service charge, buildings insurance and VAT (if applicable).
Up to three months' rent free will be granted at the start of the term to allow for the incoming tenant's renovation and fit-out works, with the full rent payable thereafter. Business rates and service charge are payable from the start of the term, including during any rent-free period.
In addition to the rent, the incoming tenant will be responsible for the premium payable to the current outgoing tenant (see Terms).
Terms:
Lease: A new lease direct from the landlord for a term of 10 years (other terms considered), with a rent review at the end of the fifth year.
Repairs and insurance: Effectively full repairing and insuring, by way of a service charge and insurance rent.
Premium to outgoing tenant: This is not an assignment. The existing lease will be surrendered, and the landlord will grant a new lease. The incoming tenant pays a premium to the outgoing tenant (not to the landlord), and the payment, surrender and new lease complete simultaneously on an agreed date, coordinated by the parties' solicitors. A framework for this is already in place.
Rent free: Up to three months from the start of the term, to allow for the incoming tenant's renovation and fit-out works.
Alterations: Tenant's works require the landlord's prior written consent and any necessary planning, advertisement and Building Regulations approvals. The property is within the Muswell Hill Conservation Area.
Security: A rent deposit and/or guarantor may be required, subject to references and accounts.
Availability: 1 January 2027.
Legal costs: Each party to bear its own legal costs.
VAT: All figures are quoted exclusive of VAT, which may be chargeable.
All terms are subject to contract.
Business Rates:
Nos. 325 and 329 are currently assessed together as a single hereditament, described as 'Shop and premises', with a rateable value of £44,250.
Source: Valuation Office Agency (VOA) rating list. Interested parties should confirm the rates payable, and any reliefs available, with the London Borough of Haringey.
