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1 Church Passage, Wood Street, Barnet, EN5 4QS
4,940 Sq Ft / Other / Residential
Withdrawn - Last updated: 09 February 2023
Summary
Comprising a fully fitted restaurant with customer seating, storage, kitchen and W/C’s over ground floor only. The restaurant has recently been refurbished to an extremely high specification. Adjoining the restaurant is a charity shop which is also arranged over ground floor only. The charity shop has been in situ for many years. The first floor comprises 2 X 2 bedroom flats and 2 X 1 bedroom flats. Two of the flats have extended large terraces.
There is planning consent to erect a further 2 X 1 bedroom flats on the front roof. This is part of a planning application for 6 residential flats, of which 4 were implemented approximately,20 years ago.
Key Points
Mixed-Use FreeholdPlanning consent to erect two - one bedroom flats.Current Passing Rent of £140,920 per annum.Two Ground Floor Class E Units / Four Residential FlatsCurrent Commercial Income of £82,000 paCurrent Residential Income of £58,920 paNIY of 5% assuming standard purchasers costsLocation
Located in Barnet, North London, the property is situated within a short walk to High Barnet station (Northern Line), which has direct access into Central London via Tottenham Court Road in approximately 30 minutes. The area is also served via numerous bus routes.
Local occupiers include GAIL’s, Waitrose and Waterstones.
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