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Lambert Way, North Finchley, London, N12

£990,000

Business rates & charges may apply

Martyn Gerrard, Commercial
SECTOR
Shop for sale

Key features

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

Property description

Tenure: Freehold

Freehold, ground floor investment for sale. Fully let tenant, Yoga Hook are a well-established yoga & wellness studio, that caters for a wide range of health and wellness services. The property is let by way of a 20 year FRI lease at £60,000 p/a as per the tenancy details overleaf. The property is currently arranged over two floors - the commercial unit is on the ground floor, and the first floor has three apartments on a long leaseholds with ground rent of £200 p/a each.
This property consists of a reception area, multiple studios and therapy rooms, a changing area with showers and a w/c.

The property was redeveloped 6 years ago, and has been run as a Yoga studio for this period.

Tenancy
Let to Yoga Hook for a term of 20 years, 5 yearly rent reviews and 5 year break clause from 2020.

Terms
Freehold offers invited subject to the existing tenancies.

Price £990,000 (Non-vatable transaction)

This premises measures in the region of 257m2 (2,766sqft) approx. This includes the main studio with two therapy rooms.

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

About Martyn Gerrard, Commercial

344 Regents Park Road Finchley Central London N3 2LJ

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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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