London Retail for Sale - North Finchley
Finchley is a popular suburban district in North London within the Borough of Barnet. The property, a Tesco Express, occupies a prominent position on Regents Park Road, a busy arterial route lined with a mix of retail, residential, and leisure uses. The site benefits from excellent transport links. Regents Park Road connects directly to the A406 North Circular, providing access to the wider London road network including the M1 and A1. Finchley Central Underground Station is less than half a mile away, offering Northern Line services to Central London in around 20-25 minutes. Several bus routes also operate along Regents Park Road, connecting to Golders Green, Hendon, and Barnet. Central London lies approximately 8 miles to the south, while Brent Cross Shopping Centre, one of North London’s largest retail destinations, is just 2 miles away.
First in Class Fully Income Producing Investment with a 15 Year Lease with Index Linked Reviews First and Second Floor HMO - Under Offer The property has been converted from an E-class unit to provide a convenience store at ground floor level, with ancillary space and two HMO flats with a total of 10 lettable rooms above. Planning consent for the conversion was granted by Barnet Council under reference 24/1644/FUL on 16 October 2024. The works have been completed and Tesco opened the store on 21st August 2025. Internally, the first floor provides ancillary space for the convenience store. In addition, there is residential accommodation comprising a four-bedroom HMO, each with ensuite facilities, and an open-plan kitchen and living room. Two terraces serve the flats at the rear of the property. The second floor contains a six-bedroom HMO, also with ensuite facilities and an open-plan kitchen and living room.
Redeveloped to meet Tesco's exacting thermal, acoustic and quality standards including roofs benefiting from 10 year manufacturers warranties.
10 double, ensuite HMO rooms across two flats on the upper floors. All rooms feature Daikin ultra-efficient reversible air conditioning ensuring minimal operating costs whilst maximising tenant amenity and income potential. (Under offer) Immaculate ‘Grade A’ specification throughout.
The residential parts have been designed and purpose built for HMO use to maximise tenant amenity and minimise maintenance and management. (Under offer) The HMOs have been awarded a virtually net zero "A2" and "A4" EPC rating and include 21 PV Roof Panels to maximise energy efficiency and minimise utility costs.
The ground floor and part first floor of the property is let to the Tesco Stores Limited for a term of 15 years (no breaks). The rent passing is £125,000 per annum exclusive. Rent is subjected to CPI linked upward only rent reviews at the fifth and tenth anniversaries of the lease with a collar and cap of 1-3% compounded annually. The HMO rooms are let on individual AST's and generate an average rent per calendar month of £1,325 per unit. Overall rent role for the HMO's is therefore in the order of £160,000 per annum (gross). Due to building efficiencies we envisage a net rent position of £150,000 per annum.