Assignment of current lease over ground floor retail unit + residential upper parts
A highly visible retail unit with return frontage, situated on the corner of the pedestrian access way linking High Road and the Lodge Lane Car Park.
Situated among multiple and independent traders, this unit is in a prominent position,on the High Road – close to a pedestrian crossing.
Held on one lease, the upper parts have their own independent rear access, and are let separately, providing a useful income for the business owner occupying the retail premises.
If required, vacant possession of the upper part could be arranged.
PREMIUM: Offers Invited for the benefit of potential income from the residential upper parts towards the overall rent.
GROUND FLOOR RETAIL
Main retail space with corner return, average depth 29’6 x average width 14’9 (8.99m x 4.50m) Step up from retail area to changing area – 9’9 x 6’6 (2.97m x 1.98m) overall, with door leading through to rear ancillary space; storage, kitchen area, WC – combined area 10’3 x 10’ (3.12m x 3.05m).
There is a wall mounted boiler in the rear ancillary space, which provides heating and hot water to the upper residential parts.
RESIDENTIAL UPPER PARTS
Approached via gated rear yard, with external staircase leading to back door (opens to kitchen). Centrally heated and arranged over 2 levels.
Kitchen 9’ x 8’3 (2.74m x 2.51m)
Bathroom / Separate WC
Room 1 14’3 x 14’3 (4.34m x 4.34m)
Room 2 11’9 x 8’ (3.58m x 2.44m)
Room 3 15’ x 11’6 average/ 14’3 into dormer (4.57m x 3.51m / 4.34m).
Room 4 9’ average x 7’3/11’6 into dormer – (2.74m x 2.21m into 3.51m)
Approx 600ft² (55.7m²) GIA
Lease Terms: Held on one lease, this property is offered by way of an assignment – the terms of the lease are;
Current Lease commenced 1st November 2015 for a 5-year period. Passing Rent: £32,500 PAX.
Premium: Prominent corner sited shop, with potential income from the uppers – Offers invited.
Legal Fees: Each party to pay their own costs.
Business Rates: According to the VOA website, the 2017 Rateable Value is £22,500. This is NOT the amount of rates payable – for the actual amount of rates payable, interested parties are advised to make their own enquiries to the London Borough of Barnet.
CEPC: EPA Rating: E: 50
EPC Rating: EER: Current: 41 – Potential: 74
Council Tax: The upper parts are in Council Tax Band B