Commercial Property
FREEHOLD INVESMENT FOR SALE WITH RE-DEVLOPMENT OPPORTUNITY (STPP)
Rear Parking: Held on separate title, but forming part of the sale, the rear car park has provision for 5-6 cars. The French Market rent 2 spaces for £2,200 pa – increasing to £2,500 pa in Sept 2025.
Legal Costs: Each party to pay their own legal costs
Business Rates: According to the VOA web site, the Rateable Value for the ground floor from April 2023 is £73,500 and for the first floor it is £59,000. This is NOT the amount of rates payable. For the actual amount of rates payable, interested parties are advised to make their own enquiries with the London Borough of Barnet.
For Sale
£2,250,000
Offers Over
Commercial Premises
High Road
Whetstone
FREEHOLD INVESMENT FOR SALE WITH RE-DEVLOPMENT OPPORTUNITY (STPP)
The Ground Floor is currently let on a 15 Year lease from September 2020.
The current passing rent is £62,400 PAX. (+ parking – see separate note).There is a 5 yearly rent review pattern – 2025 review is currently being discussed.
STPP there is scope to develop the currently vacant upper floor offices into residential, as well as creating a new floor above.
Please see existing plan of the property as well as provisional drawings for the residential conversion.
The Ground Floor is currently let on a 15 Year lease from September 2020.
The current passing rent is £62,400 PAX. (+ parking – see separate note).There is a 5 yearly rent review pattern – 2025 review is currently being discussed.
STPP there is scope to develop the currently vacant upper floor offices into residential, as well as creating a new floor above.
Please see existing plan of the property as well as provisional drawings for the residential conversion.
Property details