House For Sale £1,450,000
Location & Description
A substantial corner property comprising a basement recording studio, a ground floor betting shop and separate access to self-contained offices on the upper floors. The property benefits from lift access for the offices and a car park. Towards the rear is a block of 5 flats known as "Battle House Mews".
Located at the junction with Lytton Road, a short walk from New Barnet railway station and shopping/leisure facilities further along East Barnet Road which include a Sainsbury's supermarket and a PureGym.
Accommodation
Ground Floor Shop: 1,124 sq ft (104.5 sq m)
Basement Studio: 1,231 sq ft (114.4 sq m)
First Floor Offices: 1,326 sq ft (123.2 sq m)
Second Floor Offices: 1,365 (126.9 sq m)
Third Floor Offices: 1,347 sq ft (125.2 sq m)
Fourth Floor Office: 167 sq ft (15.6 sq m)
Tenancy Details
Ground Floor Betting Shop: Let on a repairing and insuring lease to Done Brothers (Cash Betting) Ltd t/a Betfred for 5 years from 29.09.2017 at £24,000 p.a.
Basement Recording Studio: Let on a repairing and insuring lease to Blackbook Music Ltd for 10 years from 24.06.2019 at £14,950 p.a. Rent reviews 3 yearly (based on rpi). Tenant's break 10.08.2025 upon 6 months' notice. Rent deposit held of £3,737.50.
Battle House Mews:
Flats 1,2 & 5 - Each sold on a 189 year lease from 25.03.1987 at a peppercorn.
Flats 3 & 4 - Each 99 years from 25.03.1987 (about 63 years unexpired) at a current ground rent of £100 p.a.
Note
1.There may be potential to convert the offices to residential and to increase the scope of the fourth floor (subject to obtaining all necessary consents).
Auction Surveyor: Robert Woolfe
Contact:
Equivalent to £39,150 plus vacant offices with development potential (subject to consents) & 2 reversionary ground rents
EPC Rating
Ground = D. Basement = E. First & Third Floors = C. Second & Fourth Floor = B.
A substantial corner property comprising a basement recording studio, a ground floor betting shop and separate access to self-contained offices on the upper floors. The property benefits from lift access for the offices and a car park. Towards the rear is a block of 5 flats known as "Battle House Mews".
Located at the junction with Lytton Road, a short walk from New Barnet railway station and shopping/leisure facilities further along East Barnet Road which include a Sainsbury's supermarket and a PureGym.
Accommodation
Ground Floor Shop: 1,124 sq ft (104.5 sq m)
Basement Studio: 1,231 sq ft (114.4 sq m)
First Floor Offices: 1,326 sq ft (123.2 sq m)
Second Floor Offices: 1,365 (126.9 sq m)
Third Floor Offices: 1,347 sq ft (125.2 sq m)
Fourth Floor Office: 167 sq ft (15.6 sq m)
Tenancy Details
Ground Floor Betting Shop: Let on a repairing and insuring lease to Done Brothers (Cash Betting) Ltd t/a Betfred for 5 years from 29.09.2017 at £24,000 p.a.
Basement Recording Studio: Let on a repairing and insuring lease to Blackbook Music Ltd for 10 years from 24.06.2019 at £14,950 p.a. Rent reviews 3 yearly (based on rpi). Tenant's break 10.08.2025 upon 6 months' notice. Rent deposit held of £3,737.50.
Battle House Mews:
Flats 1,2 & 5 - Each sold on a 189 year lease from 25.03.1987 at a peppercorn.
Flats 3 & 4 - Each 99 years from 25.03.1987 (about 63 years unexpired) at a current ground rent of £100 p.a.
Note
1.There may be potential to convert the offices to residential and to increase the scope of the fourth floor (subject to obtaining all necessary consents).
Auction Surveyor: Robert Woolfe
Contact:
Equivalent to £39,150 plus vacant offices with development potential (subject to consents) & 2 reversionary ground rents
EPC Rating
Ground = D. Basement = E. First & Third Floors = C. Second & Fourth Floor = B.
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