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1324-1326 High Rd 6,960 sq ft 50% Let Office Property London N20 9HJ £1,975,000 (£283.76/sq ft)
Investment Highlights
- Close to transport and shops
- Parking
- High Road Position
Executive Summary
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. Totteridge & Whetstone station (Northern Line) and Oakleigh Park Station (Mainline), are the closest and serve the general area - the High Road is also served by several bus routes.
Whetstone has a good array of retail premises, restaurants & coffee shops. 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.
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.
Property Facts
Amenities
- Bus Route
- Courtyard
- Signage
- Kitchen
- Accent Lighting
- EPC - C
- Storage Space
- Fully Carpeted
- High Ceilings
- Natural Light
- Open-Plan
- Partitioned Offices
- Air Conditioning
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- French Boulangerie
- Accommodation and Food Services
- 3,200 sq ft
- -
- Sep 2035
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| French Boulangerie | Accommodation and Food Services | 3,200 sq ft | - | Sep 2035 |
Space Availability
- Space
- Size
- Space Use
- Fit-Out
- Available
Approx 2,200 sqft (204sqm) arranged as open plan office area, with five additional private offices, reception area and kitchen. The properties benefits from carpeting, double glazed windows, air conditioning, video entry phone system, as well as communal male and female WC’s Parking space available at an additional cost.
Approx 1.280 (118.9sqm), arranged as one larger office, two smaller offices with glass partitions and Kitchenette The properties benefits from carpeting, double glazed windows, air conditioning, video entry phone system, as well as communal male and female WC’s Parking space available at an additional cost.
| Space | Size | Space Use | Fit-Out | Available |
| 1st Fl-Ste Front | 2,200 sq ft | Office | Full Fit-Out | Now |
| 1st Fl-Ste Rear | 1,280 sq ft | Office | Full Fit-Out | Now |
1st Fl-Ste Front
| Size |
| 2,200 sq ft |
| Space Use |
| Office |
| Fit-Out |
| Full Fit-Out |
| Available |
| Now |
1st Fl-Ste Rear
| Size |
| 1,280 sq ft |
| Space Use |
| Office |
| Fit-Out |
| Full Fit-Out |
| Available |
| Now |
1st Fl-Ste Front
| Size | 2,200 sq ft |
| Space Use | Office |
| Fit-Out | Full Fit-Out |
| Available | Now |
Approx 2,200 sqft (204sqm) arranged as open plan office area, with five additional private offices, reception area and kitchen. The properties benefits from carpeting, double glazed windows, air conditioning, video entry phone system, as well as communal male and female WC’s Parking space available at an additional cost.
1st Fl-Ste Rear
| Size | 1,280 sq ft |
| Space Use | Office |
| Fit-Out | Full Fit-Out |
| Available | Now |
Approx 1.280 (118.9sqm), arranged as one larger office, two smaller offices with glass partitions and Kitchenette The properties benefits from carpeting, double glazed windows, air conditioning, video entry phone system, as well as communal male and female WC’s Parking space available at an additional cost.
Presented by
1324-1326 High Rd
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