We are delighted to announce that we have received a new instruction for the sale of an investment property in East Barnet.
The property is a double fronted A1 retail unit which is currently in shell condition. The unit benefits from rear access from Margaret Road and also boasts a private car parking space – which is highly sought after in this area. The retail unit also has the potential to be sub-divided subject to the necessary planning consents. The upper parts of the property which are not included in this transaction comprise a number of residential apartments.
The property is on the northern end of East Barnet Road and is 2,840 square feet with a new 999-year lease at peppercorn rent to be granted. It is located near a Sainsbury’s Superstore and a variety of local and boutique retailers as well as a number of restaurant occupiers including Pizza Hut. The property is opposite a Shell Petrol Station with a Londis Convenience Store and a plumbing and building supply store – Fayers – located nearby.
East Barnet is located in North London and is within the London Borough of Barnet. It is bordered by New Barnet, Cockfosters, and Southgate and is a primarily residential suburb whose central area contains a wide variety of shops, restaurants, public houses, and other services.
The property benefits from fantastic transport links with New Barnet Station located nearby, providing a regular Overground train service into the City of London every 20 minutes with a journey time of approximately half an hour. In addition, High Barnet Underground Station and Cockfosters Station – which are on the Northern and Piccadilly Lines respectively – are approximately one mile away.
Speaking to Investment Agent Daniel Freedman, he stated “We were delighted to be instructed on this virtual freehold property and are happy to be taking on more work outside of our typical areas. This property offers a fantastic opportunity for either an investor or an owner occupier and we are certain that this flexibility will fit a number of very different investment profiles.”
For further information on this fantastic investment property, take a look at our brochure here.
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