Comprises a lock up shop / office together with storage and the benefit of 2 car parking spaces in the rear yard.
Location
The premises are situated close to the busy junction of Station Road and Hale Lane. Nearby multiples include National Westminster Bank, Nationwide Building Society & Tesco.
Accommodation
Frontage - 16’2
Internal width - 15’10 widening to 19’7 at the rear
Depth - 28’3
Shop area - 485 sq ft
Rear storage - 201 sq ft
TOTAL - 686 SQ FT APPROX
Terms
PLANNING - Planning permission was granted by Barnet Council on 27 January 2016 for a single storey rear extension and alterations to the shop front. Although planning has lapsed the owners has made alterations to the shop front and believe the consent has been implemented, but purchasers must satisfy themselves.
SERVICE CHARGE - Currently £3,138 per annum which includes building insurance.
LEASE - A new full repairing and insuring lease to be granted for a term by arrangement subject to upward only rent reviews at 5 yearly intervals if applicable.
RENT - £28,000 per annum exclusive.
Alternatively
TENURE - Held on a 999 year lease from 1998 subject to peppercorn rent.
PRICE - Offers in the region of £375,000 for the benefit of the long leasehold interest together with full vacant possession.
RATES - Obtained from the www.voa.gov.uk website the premises has a rateable value of £16,000 with rates payable for 2025/2026 are £7,984 per annum. Retail, hospitality and leisure uses currently are legible for rates relief of 40%. Interested parties should confirm annual rates payable with the Rating Authority.
EPC - C.
LEGAL COSTS - Each party to be responsible for their own costs incurred.