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Bishops View 98 Great North Rd 8,239 sq ft 100% Let Office Property London N2 0NL £3,000,000 (£364.12/sq ft)
Investment Highlights
- The site extends to 0.19 acres (0.07 ha).
- Class MA (24/2212/PNE).
- Class AA (24/4184/PNV).
- The total residential consented area extends to approx 9,645 sq ft NSA.
- For sale part freehold, part long leasehold, subject to the existing leases.
- And is occupied by a three-storey office building (Use Class E).
- Change of use from commercial (Class E) to 10 residential apartments (Class C3).
- Additional storeys at 3rd and 4th floors to provide 7 self-contained apartments.
- Situated 150 metres south east of East Finchley Underground Station.
Executive Summary
The Property is a three-storey office building extending to 765.7 sq m (8,239 sq ft) GIA. At ground floor are reception, ancillary areas and an area of under floor parking. The first floor is vacant. The second floor and part of the ground floor is let on a term of 5 years expiring in November 2028 at a passing rent o £128,000 pa. There is a mutual option to terminate the lease giing six months witten notice. The property is held Freehold. Part of the area used for car parking is held Leasehold for a term expiring in September 2088.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
8,239 sq ft
Costar Property Class
B
Year Built
1977
Price
£3,000,000
Price per sq ft
£364.12
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
2,746 sq ft
Parking
20 Spaces (2.43 Spaces per 1,000 sq ft Leased)
Amenities
- Courtyard
- Security System
- Accent Lighting
- Air Conditioning
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Information
- 6,434 sq ft
- -
- -
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| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
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Information | 6,434 sq ft | - | - |
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Bishops View | 98 Great North Rd
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