£42,500 pa
(£22.67/sq. ft. pa)
Retail premises to letGreat North Road, Barnet EN5
1,875 sq. ft
About this property
Assignment of Lease
Parking to Rear
Visible Position
Double showroom/retail unit to be let by way of assignment of existing lease
Available due to the current tenant relocating to larger premises. The current tenant has the unit fitted out with multiple display areas – the tenant would remove their display fittings prior to completion of the assignment, but not the display partitioning.
Situated along the Great North Road, in a parade of mixed retail units/cafés. In close proximity is a Tesco Express, Costa Coffee and opposite the junction with Station Road – the landmark Everyman Cinema. The property is in a visible position with non-permit/payment parking to the front and in surrounding turnings – but also benefits from 6 parking spaces to the rear (3 rows in tandem).
Landlord’s permission has been given for the assignment – subject to referencing, deposit & landlord approval of ingoing tenant.
To let by way of assignment of the existing lease:
Current passing rent: £42,500 pax Option to break (subject to notice) and rent review - December 2027
contractual term: 10 years from 25th December 2022 to and including 24th December 2032
Accommodation:
Maximum depth 53ft (16.15m) Maximum width across both units 38’9 (11.86m)
WC & office:
Lean-to store – 9’3 x 7’3 (2.83m x 2.23m) - leading out to rear parking area.
Combination boiler in kitchen for hot water and providing heat to 3 radiators. Myson heaters within the init (not tested).
Gia - 1,875ft² (174m²)
Rent: Paid quarterly in advance – Current Passing Rent: £42,500 pax (VAT not applicable)
Business Rates: According to the voa web site, the 2023 Rateable Value is £37,250. 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.
EPC Rating: B
Legal Costs: Ingoing tenant to be responsible for outgoing tenant’s reasonable exit expenses.
Available due to the current tenant relocating to larger premises. The current tenant has the unit fitted out with multiple display areas – the tenant would remove their display fittings prior to completion of the assignment, but not the display partitioning.
Situated along the Great North Road, in a parade of mixed retail units/cafés. In close proximity is a Tesco Express, Costa Coffee and opposite the junction with Station Road – the landmark Everyman Cinema. The property is in a visible position with non-permit/payment parking to the front and in surrounding turnings – but also benefits from 6 parking spaces to the rear (3 rows in tandem).
Landlord’s permission has been given for the assignment – subject to referencing, deposit & landlord approval of ingoing tenant.
To let by way of assignment of the existing lease:
Current passing rent: £42,500 pax Option to break (subject to notice) and rent review - December 2027
contractual term: 10 years from 25th December 2022 to and including 24th December 2032
Accommodation:
Maximum depth 53ft (16.15m) Maximum width across both units 38’9 (11.86m)
WC & office:
Lean-to store – 9’3 x 7’3 (2.83m x 2.23m) - leading out to rear parking area.
Combination boiler in kitchen for hot water and providing heat to 3 radiators. Myson heaters within the init (not tested).
Gia - 1,875ft² (174m²)
Rent: Paid quarterly in advance – Current Passing Rent: £42,500 pax (VAT not applicable)
Business Rates: According to the voa web site, the 2023 Rateable Value is £37,250. 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.
EPC Rating: B
Legal Costs: Ingoing tenant to be responsible for outgoing tenant’s reasonable exit expenses.
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