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
