Commercial - Retail  Under-Offer  Hampden way  Southgate  Southgate  Greater London  N14   - £15,000

Under Offer
TENURE: Leasehold
Property Ref:  6033534


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Total net usable area:51.84 sq.m (451sq.ft) approx.
New Lease available for a term by arrangement
Rent: Presently £9,500pax (but projected to increase to circa £10,000pax)
The premises have been fitted out to an exceptionally high standard and include:-
CCTV security cameras & intruder alarm
Roller shutter security doors to front and rear.
Recessed ceiling low voltage spotlights throughout.
Hardwood strip flooring.
property occupies a prominent location in Hampden Square (on the east side Osidge Lane) being almost adjacent to a Tesco Local store and within the same Parade as a café bar, Dominoes Pizza, newsagent/off-licence, hairdresser and a kitchen showroom
Southgate Town Centre and Underground Station are within two-thirds of a mile radius to the east.
The premises are arranged entirely on ground floor and include vehicular access/egress to the rear via Woodlands Way.
Hampden Square includes a mix of convenience service and catering trades including a Post office, chemist, hairdressing salons, barber shops and a number of restaurants and fast food outlets. There is also a branch of William Hill bookmakers.
The Osidge Arms Pub on the corner of Hampden Way and Osidge Lane includes a sports bar showing live football and rugby matches. It also boasts a renowned restaurant including Turkish and international cuisine. :

The premises comprise a lock-up shop with the benefit of rear loading plus a private parking space.
The internal dimensions and floor areas are outlined below:
Internal width: 5.53m
Maximum shop depth: 10.56m
Total internal usable area: 51.84sq.m (450.90sq.ft.)
Plus: separate tea making area and WC
Business Rates
London Borough of Barnet.
The premises have a rateable value of £8,600 in the 2017 Rating List.
However, in line with the small business rate relief , the current business rates for the premises for 2017/2018 are assessed at zero.
Please note that Neway Estate Agents cannot confirm the level of any payments to the Local Authority and any further enquiries will need to be made of Barnet Council.
The current Lease expires in 2017 however the premises can be offered on a new 5/15-year full repairing and insuring lease for a term by arrangement subject to five yearly rent reviews.
Currently £9,500pax (but projected to rise to approximately £10,000pax following the grant of a new lease.
A premium payment of £25,000 (twenty-five thousand pounds) is sought for the benefit of the leasehold interest to include valuable fixtures and fittings including intruder alarms and other and security equipment.
Legal Costs
Each party is to pay its own legal costs in connection with the grant of new lease/assignment.
These are for general guidance only. You are responsible to confirm accuracy by inspection.
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