Lambert Way, North Finchley, London, N12
- SIZE AVAILABLE
2,766 sq ft
257 sq m
- SECTOR
Shop for sale
Key features
- Net Internal Area 257m2 (2766sqft)
- Freehold
- Investment opportunity
Description
1 * parking bay allocated
The property was redeveloped 8 years ago, and has always been run as a Yoga studio.
Tenancy
Let to Yoga Hook at £60,000 p/a for a term of 20 year FRI, 5 yearly rent reviews and 5 year break clause from 2020.
Yoga Hook is a well-established yoga & wellness studio, that caters for a wide range of health and wellness services.
Terms
Sale of Freehold, offers invited subject to existing tenancies.
Price £990,000 (Non-vatable transaction)
This premises measures in the region of 257m2 (2,766sqft) approx.
The property was redeveloped 6 years ago, and has been run as a Yoga studio.
Location:
• Within easy access of the A406 North Circular and major road networks.
• Woodside Park (Northern Line) Underground Station and West Finchley (Northern Line) Underground as its nearest public transport link.
• Benefiting from access to surrounding areas such as Southgate and East Finchley.
Local High Street:
Situated behind the main high road, this unit is in close proximity to Tally Ho and the busy centre. The high road has a number of retailers located there such as Argos, Barclays, Lloyds bank and Starbucks to name a few. As well as smaller boutique style businesses.
Lease:
Grant of a new lease
Rent: £60,000
Premium: £120,000
Business Rates:
All interested party are advised to satisfy their own queries directly with the Local Authority in this regard.
Conditions:
Ingoing tenant to be responsible for both parties reasonable legal costs.
References:
A charge of £100 +VAT is payable for taking up references on behalf of proposed tenants. This fee is non- refundable after the references have been taken up, whether or not they have been accepted by the landlord
Viewing:
Strictly via the owner's agent, MARTYN GERRARD COMMERCIAL DEPARTMENT.
Please contact a member of our commercial team on .
Lambert Way, North Finchley, London, N12
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woodside Park Station0.5 miles
- West Finchley Station0.6 miles
- Finchley Central Station1.1 miles
Notes
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