Commercial Property Under Offer
The property is located within the popular suburban centre of Golders Green. Many national retailers are represented including Specsavers, Café Nero, Boots, and numerous Banks. Golders Green (Northern Line) station is approximately 250 m from the property and many bus routes serve the area. The north circular (A406) is within 2 miles of the property, providing easy access to the national motorway networks. The property is situated on the Northern side of the road and is located between Hoop Lane and Finchley Rd. Golders Green is an affluent area in London Borough of Barnet.
A well-presented shop with good quality shopfront , suspended ceiling, and lighting ,arranged on ground floor only, in the corporate style of Merkur Slots. The premises are of rectangular shape with pedestrian access from Golder Way.
The property offers the following (NIA) approximate dimensions: -
|Floor||Net Internal Floor Area|
|Ground||1184 sq. ft. / 110.00 sq. m.|
|Total||1184 sq. ft. / 110.00 sq. m.|
|Tenant||Start Date||End Date||Rent||Next Rent Review||Breaks|
|Merkur Slots UK Ltd||22/11/2021||21/11/2036||£38.000||24/06/2025 & 2030||2025/2030|
We believe the premises fall under Class Sui Generis (AGC) use of The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020.
The premises affords a rating of B(46), and the certificate shall be available upon request.
Each party to bear its own legal costs.
If applicable the transaction shall be treated as a TOGC (transfer of going concern).
Leasehold 999 years subject to a peppercorn ground rent and subject to the occupational lease.
Offers in excess of £608,000 are invited. A purchase at this level would provide a net initial yield of 5.88% after deducting standard purchasers’ costs.
The sellers are deemed to be a connected person under the Estate Agents Act.
D: 020 8222 9901
D: 020 8222 9947
M: 07920 769395
D: 020 8222 9946
M: 07900 224967
D: 020 8222 9945
M: 07961 410931