Offices, Edgware

Property Description

• Freehold Mixed Use Investment with development potential.
• The property is within a terrace of commercial buildings.
• It is arranged on Ground and three upper floors and has the advantage of access both from the High Street and the main reception area via the car park.
• The ground floor comprises of 5 retail/showroom units and the three office floors have been refurbished and are capable of sub-division into suites.
• There are 23 car spaces currently, 7 for the ground floor and 16 for the offices.

Location Description

• Equity House is in Edgware, located in north London; 11 miles from Central London and lies primarily within the London Borough of Barnet.
• It offers excellent communication by road and rail to both London and the motorway network (M1, M25, A1)
• The property is situated on the High Street (A5). which leads directly into Central London via many north London suburbs.
• It is within the heart of Edgware, a few minutes’ walk from Edgware Underground (Northern Line) and Bus Station; as well as the Broadwalk Shopping Centre and other facilities.

Tenancy & Additional Notes

• Let to five individual commercial units on the ground floor for total passing rent of  £85,000.
• Let to four offices on the upper floor for total passing rent of  £140,466.
• All leases FRI and all with development break options.
• Permitted development was granted on 16th September 2019 for the change of use of the B1 offices on 1, 2 & 3 floors to 18 studio units. There would be 6 flats per floor (5 x 48.5 sq m and 1 x 45 sq m).
• London Borough of Barnet Planning ref – 19/3729/PNO