For Sale

£2,100,000 Guide Price

Commercial Premises

High Road

Whetstone

FREEHOLD INVESMENT FOR SALE WITH RE-DEVLOPMENT OPPORTUNITY (STPP)

Situated on the eastern side of Whetstone High Road (A1000) - opposite Waitrose. Totteridge & Whetstone station (Northern Line) and Oakleigh Park Station (Mainline), are the closest and serve the general area. The High Road is served by several bus routes. Whetstone has a good array of retail premises, restaurants & coffee shops.

The Ground Floor is currently let to The French Market on a 15 Year lease; from September 2020, with a 5 yearly rent review pattern. Following the September 2025 rent review, the current passing rent is £72,000 PAX. See plan of the unit prior to the current fitting out for the French Market

With a GIA of approx. 3,200 ft² (297.3m²), STPP there is scope to develop the currently vacant upper floor offices into residential - as well as creating a new floor above. See existing plan of the property, plus provisional drawings for the residential conversion over.

Viewings - Strictly by appointment only

TO VIEW
Call 020 8446 0011
Email sales@maundertaylor.co.uk

Property details

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 have 2 of the spaces.

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.