Office for sale

Key Points

Description

A brand new, large, first floor commercial unit is offered as a self-contained 'shell' commercial space. The unit is provided with capped-off electricity and water connections as well as drainage provision, ready for final fit-out. The unit benefits from having a self-contained entrance and own reception lobby at the Ground Floor from the street - areas shown in pink on the attached plan. The consented planning has been updated for open Class E use.

Location

Located just off the fast improving Hornsey High Street in North London, neighbouring to the east, the New River Village and to the west, the recently completed Smithfield Square development (including Sainsburys). The other commercial spaces in this mixed-use development are now occupied by a nursery and a specialist wine wholesaler. The area continues to benefit from investment and regeneration. Fullers recently refurbished The Great Northern Railway Tavern at the junction with Hornsey High Street and moments away there is green space and fantastic views across the city to be enjoyed at Alexandra Palace Park. The amenities of Crouch End and Wood Green are a short walk away.

The location benefits from excellent transport links:
Hornsey station gives direct trains to Old Street/ Moorgate, and with an easy change at Finsbury Park for Kings Cross/ Thameslink/ Victoria lines, or change at Highbury and Islington for London Overground.
Turnpike Lane underground is a 10 minute walk away for Piccadilly Line and potential Crossrail 2 stop in the future.
The area also offers good bus links.

Terms

Sale of a new 250 year Lease.
Initial Ground Rent of £350 per annum rising at 10 years and then every 10 years thereafter indexed to rpi.

Price

£895,000 (+VAT) for a new 250 year long leasehold interest.

Business Rates

The premises will be assessed following initial fit-out, and the Valuation will depend on use. Interested parties should make their own enquiries to London Borough of Haringey.

Service Charge

Estimated at £4,475.45 (+VAT) for the current year inclusive of buildings insurance contribution.

Parking

One parking space in the secure underground car park can be included in the sale. Other spaces may also be available by separate negotiation, including the possibility of electric charge point.