251/251a & 251b East Barnet Road East Barnet London EN4 8SS

251/251a & 251b East Barnet Road
East Barnet
London
EN4 8SS

  • 251/251a & 251b East Barnet Road<br>East Barnet<br>London<br>EN4 8SS

Freehold London Retail and Residential Investment with Development Potential

  • Comprises a Café, Indian Take-Away and a Flat
  • Commercial leases expire in 2038 and 2029 (no breaks)
  • Café tenant in occupation since 2006
  • Lapsed Planning Permission to add further x2 bed flat on second floor
  • Prominent Corner Location with nearby occupiers including Co-op, Costa, Aldi and numerous independent retailers and restaurants
  • Lot
    2
  • Auction
    12/Jul/2022
  • Rent
    £45,050 per Annum Exclusive
  • Status
    Available
  • Price*
    £650,000+
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles south-west of Cockfosters, 3 miles north of Finchley Central
Roads
A100, A406, M1, M25
Rail
New Barnet Rail, High Barnet Tube (Northern Line)
Air
Heathrow Airport
Situation

The property is situated on East Barnet Road at its junction with Barons Gate and close to its junction with Cat Hill and Church Hill Road in a mixed commercial and residential area. Nearby occupiers include Co-op, Costa, Aldi and numerous independent retailers and restaurants.

Tenure

Freehold.

Location
Miles
2 miles south-west of Cockfosters, 3 miles north of Finchley Central
Roads
A100, A406, M1, M25
Rail
New Barnet Rail, High Barnet Tube (Northern Line)
Air
Heathrow Airport
Situation

The property is situated on East Barnet Road at its junction with Barons Gate and close to its junction with Cat Hill and Church Hill Road in a mixed commercial and residential area. Nearby occupiers include Co-op, Costa, Aldi and numerous independent retailers and restaurants.

Tenure

Freehold.

Description

The property comprises a café and Indian take-away restaurant arranged on the ground floor and a separately accessed 2/3 bed flat on the first floor, accessed from Barons Gate.

VAT

VAT is not applicable to this lot.

Planning

Planning Consent was obtained in 2015 to add a second floor 2 bed flat (Ref: 15/07699/FUL) Please contact: London Borough of Barnet - www.barnet.gov.uk - t: 020 8359 3000

EPC

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

Description

The property comprises a café and Indian take-away restaurant arranged on the ground floor and a separately accessed 2/3 bed flat on the first floor, accessed from Barons Gate.

VAT

VAT is not applicable to this lot.

Planning

Planning Consent was obtained in 2015 to add a second floor 2 bed flat (Ref: 15/07699/FUL) Please contact: London Borough of Barnet - www.barnet.gov.uk - t: 020 8359 3000

EPC

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

Tenancy & Accommodation

Address Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
251 East Barnet Road Ground Café
62.99
(678)
M.DEGIRMAN (t/a Barnet Pride Café) (1) Term of years from 25/12/1988 expiring on 24/12/2038
£18,000
25/12/2024 and at 4 yearly thereafter
251b East Barnet Road Ground Take-Away
29.45
(317)
S.RASHID (t/a Anuraag Tandoori Restaurant) (2) 10 years from 08/06/2019
£9,500 (3)
08/06/2024
251a East Barnet Road First 2/3 bed flat
-
-
AN INDIVIDUAL (4) Assured Tenancy at £1,350 pcm
£17,550
-
Total Commercial Area    
92.44
(995)
   
£45,050
 

(1) A Rent Deposit of £7,580 is held
(2) A Rent Deposit of £5,051.45 is held
(3) The contractual rent under the terms of the lease is £10,000 per annum. The tenant benefits from a small rent concession of £9,500 per annum whilst the tenant remains in occupation or until the rent review date in June 2024, whichever is earlier.
(4) Occupied within the same family since 1950

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    30.06.22
    File Size
    42 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Peter Brown & Co, Solicitors LLP 19 Station Road
New Barnet
London
EN5 1QJ
Paul Braham 020 8447 3286paul@peterbrown-solicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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