1324-1326 High Road Whetstone London N20 9HJ

1324-1326 High Road Whetstone London N20 9HJ

Freehold Investment with Development Potential STPP – For Sale

Location:  Situated on High Road Whetstone offering multiple shopping and transport facilities including Waitrose,Post Office, M&S Foods, Costa Coffee,Pets at Home and variety of independent retailers and restaurants. Totteridge & Whetstone Underground Station is within a short walking distance.

Description: An opportunity to acquire the freehold of a partially let building

Ground Floor Shop: Let to The French Market on a  15 year FR&I Lease from September 2020 at a passing rent of £62,500 pa plus parking at an additional £2,500 pa. Five year rent reviews, next review is due in September 2025. Ground floor approx 3,224 sqft (299.5sqm) including  rear access.

First Floor: Currently arranged as two separate offices, offered with vacant possession. Potential to convert upper parts to residential subject to obtaining usual planning consents.

NB: The Freehold is owned by a holding company, with property as its sole asset.

• ** Floor plans available upon request.

TERMS:

Price                                  £2.5m Subject to Contract

Tenure:                            Freehold

 Business Rates:           TBA.  All interested parties should make their own enquiries either via London Borough of Camden or via www.voa.gov.uk.

CEPC:                               TBA

Legal Costs:                   Each party to be responsible for their own legal costs.

Anti-Money Laundering: In accordance with revised Anti Money Laundering Regulations two forms of ID and confirmation of funds will be required by the successful applicant. This will apply to landlords/vendor and tenant/purchaser and any other party with a relationship with the property.

Viewing:                     Strictly by appointment only through owners agents Grovelands  020 8731 9777 www.grovelands.net