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£1,750,000

High Street, Barnet, EN5

FREEHOLD INVESTMENT FOR SALE. High Street, Barnet, EN5 The property comprises an attractive four-storey red brick building with banking hall on the ground, basement, first floor, and second floor. Lease: The entire building is let to Barclays Bank Plc (in occupation) for a period of 20 years from June 2006 on a full repairing and insuring lease, subject to a Schedule of Condition. The tenant has an option to determine the lease at the end of the 15th year of the term. Nearby occupiers include Natwest, Halifax, Santander, Sainsbury's, Carluccio's, Starbucks, Iceland, Boots etc.

LOCATION
The north London suburb of Barnet is located approx 10 miles north of the City. With excellent transport links being approx 3 miles from the M25 and about 2 miles from the North Circular Road (A406). High Barnet underground station Northern line is a few minutes walk away.

DESCRIPTION
The property comprises an attractive four-storey red brick building with banking hall on the ground floor, basement: storage area, first floor: offices second floor: ancillary accommodation. Nearby occupiers include Natwest, Halifax, Santander, Sainsbury’s, Carluccio’s, Starbucks, Costa Coffee, Iceland, Boots etc.

ACCOMMODATION
ACCOMMODATION

Floor Use Sq Metres Sq Feet

Basement
Used as storage 26.29 sq m (283 sq ft)

Ground Floor
Used as Banking Hall 92.44 sq m (995 sq ft)

First Floor
Used as office 74.04 sq m (797 sq ft)

Second Floor
Ancillary 65.22 sq m (702 sq ft)
____

Total approx. 257.99 sq m (2777 sq ft)

TERMS
Lease
The entire building is let to Barclays Bank Plc (in occupation) for a period of 20 years from June 2006 on a full repairing and insuring lease, subject to a Schedule of Condition. The tenant has an option to determine the lease at the end of the 15th year of the term.

Reviews
25th March 2019 and five yearly thereafter

Rent: £58,000 per annum.

Tenure: Freehold
Local Authority: London Borough of Barnet

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