Marconi Place, Southgate N11

LOCATION
Situated in the established New Southgate area of North London, the premises benefits from strong transport links via New Southgate Rail Station and Arnos Grove Underground Station (Piccadilly Line), together with easy access to the A406 North Circular. The property is surrounded by a range of retail, leisure and residential amenities, making it an attractive and well-connected location.

DESCRIPTION
The property forms part of a modern mixed-use development and benefits from a high-quality residential and commercial environment. The surrounding area supports a strong local customer base, with nearby occupiers and amenities including Sainsbury's, Marks & Spencer Foodhall and a range of retail, leisure and food and beverage operators serving the wider Friern Barnet and Southgate catchment. The property would suit a variety of occupiers seeking accommodation within a well-established and densely populated North London location.

The premises is available on an existing lease for a term expiring March 2028 at a passing rental of £30,000 plus VAT. A new lease would also be considered.

A deposit of £9,000 is required as well as a personal guarantor.

No premium is being sought though the incoming tenant must be responsible for all legal costs involved in this transaction.

Please contact one of our commercial property consultants at your earliest convenience to avoid potential disappointment.

Please note charge a £750 plus VAT fee for the processing of referencing and administration.

TERMS
The premises is available on an existing lease for a term expiring March 2028 at a passing rental of £30,000 plus VAT. A new lease would also be considered.

OUTGOINGS
Approx. £480 per month with the small business rates relief though interested parties are advised to make their own enquiries.

VAT
It is to our understanding that VAT is applicable on the rent.

LEGAL COSTS
The incoming tenant to bear all legal costs involved in this transaction.

SERVICE CHARGE
Building Insurance of £1,070 which has been paid in full up until end of September 2027.

PARKING NOTES
No parking is available though the premises is entitled to business permits £85 per vehicle per annum.

OTHER
Fibre internet discounted with VOIP at £70 a month is in contract until November, supplier has agreed to a new change for the new incoming tenant, so the new tenant is bound to this until November 2027 or they will need to cover the termination costs.

VIEWING
Strictly by appointment.