Property for sale

  Barnet, EN4
Asking Price £60,000

Property Information

  • Reference number GLENMOREEST4_GLEH001864
  • Property Type Retail
  • Furnishing Furnished
  • Tenure Leasehold
  • Sale classification Buy to Let


Barnet, EN4


  • Convenience Store with Off licenece
  • Reduced Price to £60,000 for QUICK SALE
  • Nineteen years of lease remaining
  • Advised Weekly Sales £6000.00
  • Low rent - £12,000 per annum
  • Zero Business Rates
  • Parking available in front of the shop
  • Additional Services income from Western Union Money transfer, Bus Pass, Lottery, Parcel Sevices
  • Also commission income from holiday booking
  • Size approx 860 sq ft.

Property description

Excellent opportunity to purchase a commercial lease in a good location, in East Barnet Village, Barnet. The business occupies a roadside position, near to East Barnet Road (B193).

Price: £60,000 for the benefit of the lease of the commercial shop.

The stock must be purchased separately at valuation.

We are advised by the vendor the rent will be £12,000 per annum.

Tenure: There more than 19 years lease remaining, renewable in August 2038.

Location: East Barnet is a popular area in Northwest London, forming part of the London Borough of Barnet. The property is situated on the busy East Barnet shopping parade with high pedestrian footfall. The commercial mixed used convenience store with off licence until 11pm.

Measurements: The Ground Floor retail area is approximately 635 Sq. Ft. (Not measured by Glenmore Properties, the area has been sourced from the VOA website.)

Accommodation: The shop consists of retail unit arranged on the ground floor only, with significant storage area behind the shop floor and allocated parking at rear.
Rates: We are advised the business rates payable is Nil per annum, by the vendor. (Interested parties are strongly advised to contact the local authority regarding the rates payable for this property.)

EPC: Rating is 45 valid to December 2027

Legal fees: Buyer will be expected to pay for his and Landlords' legal fees.

Viewings: Strictly by prior appointment with Glenmore Property Services. Please call our office on 02089045040 to discuss your requirements or to arrange a viewing.

Holding deposit: Tenants or prospective purchasers wishing to secure this property will be required to pay a holding deposit to Glenmore Property Services of £3,000.
The deposit is non-refundable except if the vendor withdraws, or a clear title cannot be proven. This deposit is held in our client account until completion.

These particulars are prepared for the guidance of prospective purchasers. They are intended to give a fair and overall description of the property and do not constitute the whole or any part of an offer or contract. Any information contained herein (whether in text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact.

Money laundering regulations: To comply with money laundering regulations, prospective purchasers will be asked to produce identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.

Minimum Area (in sq ft) 861 sq ft

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