High Road East Finchley, London N2 N29E

  • Sale Price £15,000
  • Offices,Not specified





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A1 /A2 shop lease for sale Assignment of current 14 year lease with 5 yearly rent reviews (Commencement date, 24th June 2000) RENT: £23,000 PAX PREMIUM: £15,000 REDUCED

óA1 /A2 SHOP LEASE FOR SALE
HIGH ROAD, EAST FINCHLEY, N2ó
(Provisional Details awaiting Assignor's approval)




LOCATION:Situated short distance from the intersection of High Road East Finchley, with the county roads. This unit is within close proximity to East Finchley (Northern Line) underground station and is located close to large multiples such as Budgens Iceland, Barclays Bank and Ladbrokes.

The unit further benefits from ease of access to Muswell Hill, Finchley Central, North Finchley, Hampstead, Highgate, Archway and surrounding areas with major road networks such as the A406, North Circular and A1 Archway Road close by.

DESCRIPTION: Benefiting from a shop front of 4.6M (15Ft 4) with an initial shop depth of 12.1M (40Ft) approx. This unit is arranged to offer an initial retail area of 42.4M2 (457Ft2).

Toward the rear of this initial area is a further 5M2 (54 Ft2).

The rear addition offers a further kitchen area of 2.6M2 (28Ft2) approx and grants access to the premise's WC.

Total area 50.1M2 (540Ft2) approx.

The premises has a further rear garden of 3.7M (12Ft 2) by 7M (23Ft 2). Across which access is granted to the residential upper part.

Upper Part

The upper part of these premises offering a three bed flat is currently let and producing an income of £1343.33 per calendar month (16,120 per annum).

These premises are offered with a premium to recognise the saving to be made over the next three years until the next rent review reflecting an outgoing rent for the top aspect alone of £6880 per annum.

TENURE:Assignment of current 14 year lease with 5 yearly rent reviews (Commencement date, 24th June 2000)

RENT:£23,000 PAX

PREMIUM:£15,000

CONDITIONS:Ingoing tenant to be responsible for both parties reasonable legal costs

VIEWING:Strictly via the owner's sole agent, MARTYN GERRARD COMMERCIAL DEPARTMENT. Please contact:

David Felman, Saul Gerrard or Ben Rosenthal
on 020 8444 3445.

Martyn Gerrard Commercial for themselves for Lessors, Vendors and their agents, give notice that:-
1.These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2.These details do not constitute any part of an offer or contract.
3.All statements or details contained within these particulars are without any responsibility on any part, to Martyn Gerrard Commercial.
4.All rent prices, fees and charges are quoted exclusive of VAT.
5.Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition




Property reference: MGCA1323271