1250 High Rd 14,625 sq ft 100% Let Office Property London N20 0PB For Sale

Positioned in one of North London’s most prominent corner locations, 1250 High Road presents a rare opportunity to acquire a substantial mixed-use freehold investment within the heart of affluent Whetstone. The property occupies a highly visible position at the junction with Oakleigh Road North, surrounded by a vibrant mix of supermarkets, cafés and established retailers including M&S, Boots and Waitrose. Totteridge & Whetstone Underground Station lies only 300 metres away, offering swift Northern Line access to Euston, Leicester Square and Charing Cross, enhancing the building’s appeal for both residents and retail customers.
The asset comprises a purpose-built, four-storey former office building arranged across lower ground, ground, first and second floors with a total GIA of 23,499 sq ft. Recently repositioned through a comprehensive partial conversion, the first and second floors now feature ten newly delivered self-contained residential units, finished to a modern specification with excellent natural light, contemporary kitchens, tiled bathrooms and access via two passenger lifts. Eight of the ten apartments are currently let on ASTs, generating £252,600 per annum.
Anchoring the ground floor is a secure long-term retail tenancy to Asda Stores Limited on a new 15-year FR&I lease expiring January 2040. The lease produces £108,000 per annum with five-yearly CPI-linked reviews (1%–3% cap and collar), providing investors with stable and inflation-tracked income from one of the UK’s leading retailers. The lower ground floor includes vacant storage areas alongside gated undercroft parking for 13 vehicles, adding further optional value.
With a total current income of £360,600 per annum and numerous asset management angles—ranging from potential break-up sales of the flats to re-purposing the undercroft parking or exploring additional massing—1250 High Road represents a compelling freehold investment in a thriving London suburb rich with connectivity, amenities, and long-term growth prospects.