1324-1326 High Road Whetstone London N20 9HJ

1324-1326 High Road Whetstone London N20 9HJ

FREEHOLD INVESMENT FOR SALE –
WITH RE-DEVLOPMENT OPPORTUNITY (STPP)

Location: Situated on the eastern side of Whetstone High Road (A1000) – opposite Waitrose.

Totteridge & Whetstone station (Northern Line) and Oakleigh Park Station (Mainline), are the closest and serve the general area.  The High Road is served by several bus routes.

Whetstone has a good array of retail premises, restaurants & coffee shops.

Description: The Ground Floor is currently let to The French Market 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.

Floor Plans available.

STPP there is scope to develop the currently vacant  upper floor offices into residential, as wll as  creating a new floor above.  Please contact us for 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.

If interested, please contact:    info@grovelands.net  or 0208731 9777