Exchange Buildings, High Street Barnet EN5

  Ref 024509    

Exchange Buildings, High Street Barnet EN5

Ref 024509

  • £1,300,000  

    For Sale

    £1,300,000  

    For Sale

  • Description

    Comprising a substantial freehold building arranged over basement, ground and 3 upper floors. The ground floor is let on a full repairing and insuring lease to Chancellors Estate Agents (57 branches). The upper part which is accessed from the front of the property comprises 3 self contained 1 bedroom flats, each let on AST’s. The freehold is offered with the benefit of the income as per the attached schedule.

    Tenancy Schedule

    Shop and Basement let to Chancellors Group of Estates Agents Ltd for a term of 10 years from 12th August 2020 at £23,000 per annum, with a rent review in the 5th year (12th August 2025).


    Flat 1 (First floor) - Let on a Assured Shorthold Tenancy from 22nd June 2021 to 21st June 2024 at £1,020 pcm with annual increases between 2% & 6% on the first May 2022 and 1st May 2023.

    Comprising a substantial freehold building arranged over basement, ground and 3 upper floors. The ground floor is let on a full repairing and insuring lease to Chancellors Estate Agents (57 branches). The upper part which is accessed from the front of the property comprises 3 self contained 1 bedroom flats, each let on AST’s. The freehold is offered with the benefit of the income as per the attached schedule.

    Gallery

    Areas

    Basement— 431 sq ft (40 Sqm) Ground floor— 715 sq ft (66.45 Sqm) Total Area - 1146 sq ft (106.4 Sqm)

    Flats

    Flats: Flat 1— 42 Sqm— 1st floor EPC D Flat 2— 44 Sqm— 2nd floor EPC C Flat 3— 40 Sqm - 3rd floor EPC E

    Freehold Investment For Sale

    Offers in excess of £1,300,000 for the freehold interest.

    Location

    Situated in a good position on High Street, Barnet adjacent to Hadley House and close to the junction with St Albans Road and near to The Spires Shopping Centre.

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    For Sale

    £1,300,000