FOR SALE, 141-143 High Street, Barnet, EN5 5UZ

Office development site virtual freehold for sale. 

Location

The site is located on the western side (and to the rear) of the High Street on the corner of St Albans Road and is accessed off Bruce Road. Good road  communications are afforded with Junctions 23 and 24 of the M25 approximately 2 miles to the North. High Barnet Underground Station (Northern Line) is within approximately 0.5 miles. The Spires Shopping Centre and numerous multiples in the High Street, including Sainsbury’s Waitrose, Boots, Starbucks, Costa Coffee, provide many amenities for staff.

Accommodation

The site currently comprises a car park and rear service access to the retail units at 141 - 143 High Street. Planning Permission has been granted for the erection of a 3 - storey building constructed on columns that will allow the existing car park and service yard to be retained. The first, second and third floors will provide 420 sq m of offices (4,520 sq ft) currently divided into 2 self-contained suites. 17 car parking spaces plus a store for 12 cycles are shown, of which 15 are allocated to the retail units and flats above. Further reconfiguration of the car parking and provision of stackers, could provide up to 23 spaces. In addition there are a number of local authority car parks close by.

Terms

£750,000 for the benefit of 999 year lease at a peppercorn ground rent. The freehold interest may be available subject to the residential lessees not exercising their right of first refusal. .