High Street, Barnet EN5

  Ref 024447    

High Street, Barnet EN5

Ref 024447

  • £285,000  

    Under Offer

    £285,000  

    Under Offer

  • Description

    Freehold shop and residential upper part. The shop is let for a term of 12 years from December 2013 at £15,000 pa with 4 yearly rent reviews. The upper part is sold off on a 125 year lease from 2004 at a peppercorn ground rent.

    Gallery

    Area

    Shop depth 30’ 3” Width 11’ 8” Kitchen/WC 12’ 9” x 6’ 4” Total area 440 sq ft (40.88 sq m)

    Tenancy

    Assignment of an existing lease for a term of 12 years from 4th December 2013 at £15,000 plus VAT. The lease is let to Mr Van Dao T/A Crystal Nails and held inside the Landlord & Tenant Act 1954. *Showing a gross yield of 5.26% (ERV £18,500 pa). NB: A new 12 year lease agreed commencing 1st March 2022 with 4 yearly rent reviews at £18,000 pa

    £285,000 is sought for the freehold interest subject to the current tenancy.

    Location

    Situated on High Street, Barnet, close to the junction with St Albans Road and a short walk from the Spires Shopping Centre, Hadley Green and also within walking distance of High Barnet underground station.

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    Under Offer

    £285,000