1361 High Road Whetstone London N20 9LN

1361 High Road
Whetstone
London
N20 9LN

Freehold Retail and Residential Investment

Shop let to Belview Limited (t/a Now Salon) on a 10 Year Lease until 2021
Comprises Two Residential Flats on upper floors let on ASTs
Prominent corner position on High Road
Nearby occupiers include M&S Simply Food, Waitrose, HSBC and Boots
Affluent North London suburb

Lot
3
Auction
11th December 2014
Rent
£52,048 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Shop let to Belview Limited (t/a Now Salon) on a 10 Year Lease until 2021
Comprises Two Residential Flats on upper floors let on ASTs
Prominent corner position on High Road
Nearby occupiers include M&S Simply Food, Waitrose, HSBC and Boots
Affluent North London suburb

Lot 3
Auction 11th December 2014
Rent £52,048 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 6 miles north of Central London 13 miles east of Watford
Roads: A1000, A406, A1, M1 (J2)
Rail: Totteridge & Whetstone Railway Station (38 minutes to London Waterloo)
Air: Heathrow and Luton Airport

Situation

The property is situated in a prominent corner location on the western side of the High Road, at its junction with St Margarets Avenue. The property is close to Totteridge & Whetstone Railway Station (fastest journey time of 38 minutes to London Waterloo) with other nearby occupiers including M&S Simply Food, Santander, Waitrose, HSBC and Boots.

Tenure

Freehold.

Location

Miles: 6 miles north of Central London 13 miles east of Watford
Roads: A1000, A406, A1, M1 (J2)
Rail: Totteridge & Whetstone Railway Station (38 minutes to London Waterloo)
Air: Heathrow and Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit, which is currently being used as a hair salon, with two self-contained residential flats on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit, which is currently being used as a hair salon, with two self-contained residential flats on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground	Retail	82.40 sq m	(883 sq ft)	BELVIEW LIMITED (1) (t/a Now Salon)	10 years from 04/11/2011 on a full repairing and insuring lease (2)	£25,000	04/11/2015 04/11/2019 (03/11/2021)
First	Residential	Not Measured		INDIVIDUAL	12 months AST from 28/08/2014	£14,040 (3)
Second	Residential	Not Measured		INDIVIDUAL	12 months AST 23/12/2014	£13,008 (3)
Total Commercial Floor Area		82.40 sq m	(883 sq ft)			£52,048

(1) Now Salon is a hairdressing salon, with a team offering 30 years’ experience. (Source: www.nowsalons.com 12/11/2014)
(2)The lease provides an option to determine on the fifth anniversary of the term on six months’ written notice.
(3)The rental income has been annualised.