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Lot 6

Offices prod. £31,170 p.a. with PD for 3 × 2 Bed Flats
6 Week Completion

Situation

Located close to the junction with St. Albans Road, just off the High Street and behind the former Bentley Showroom. The property is within easy reach of the multiple shopping facilities in the High Street and the Spires Shopping Centre.
High Barnet Underground Station (Northen Line) and Barnet College Wood Street Campus are both within easy walking distance.
Barnet lies approximately 10 north of central London, benefitting from excellent road access to the M25 (Junction 23) and the A1(M) (Junction1).

Property

A semi-detached building comprising Offices planned on ground, first and second floors. In addition, the ground floor and uppers floors both have their own street entrance. The property includes a forecourt for parking 2 cars and benefits from uPVC double glazing and gas central heating.

Accommodation

Ground Floor Office
GIA Approx. 630 sq ft incl. WC
First Floor Office
GIA Approx. 565 sq ft incl. WC
Second Floor Office
GIA Approx. 630 sq ft incl. WC

Total GIA Approx. 1,825 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to M. B. Bennett t/a Michael B. Bennett Accountant (see: www.mbbfcca.co.uk) for a term from 30th November 2011 to 31st January 2022 (excl. s.24-28 of L & T Act 1954) at a current rent of £31,170 per annum exclusive.

Note 1: The lessee has verbally advised that he would consider an early surrender of his lease at no cost, subject to agreeing a suitable date.

Note 2: Each floor is currently separately assessed for Business Rates. The individual Rateable Values are £8,500 (Ground), £8,500 (First) and £7,600 (Second).

Planning

Planning Permission (General Permitted Development) was granted on 2nd May 2019 by Barnet London Borough Council for ‘Change of use from offices (Use Class B1a) to Residential (Use Class C3)' in conjunction with the adjoining building which is not included with this lot. Ref: 18/6398/PNO.
Click here for Documentation and Plans for 3 × 2 Bed Flats.

VIRTUAL TOUR
Click here to view the Virtual Tour of the property.

Due to Government Guidelines we will try to accommodate all viewing requests, but in the first instance you are advised to view the virtual tour where available and/or any internal images on the Particulars before requesting a viewing. Each viewing will be arranged for you for a specific period of time and you will be required to attend the viewing promptly and ensure gloves and a face covering are worn. Please observe social distancing while you are at the property and we will ensure that all doors will be open and lights switched on. If you are experiencing any Coronavirus symptoms then please do not attend the viewing as you will not be allowed access into the property.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Cullips House, 4 Nesbitts Alley, Hadley Green, Barnet, Hertfordshire EN5 5XG