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Lambert Way, North Finchley, London, N12

£950,000

£343.46 per sq ft

Business rates & charges may apply

Martyn Gerrard, Commercial
SIZE AVAILABLE

2,766 sq ft

257 sq m

SECTOR

Shop for sale

Key features

  • Net Internal Area 257m2 (2766sqft)
  • Freehold
  • Investment opportunity

Description

Freehold, shop and upper parts sold as a turn key investment. The property is currently arranged over two floors - the commercial unit is on the ground floor, and the first floor has three apartments sold of on long leaseholds with ground rent of £600 p/a. The retail unit comprises of 2 * studios, 3 * treatment rooms, reception area, a changing area with showers and w/c.

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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Disclaimer - Property reference COM210076. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martyn Gerrard, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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