Freehold Investment and Development Opportunity - comprising a shop and upper part whereby the shop is currently let to a hairdresser on a full repairing and insuring lease with approximately 5 years remaining at £15,000 pa. The upper part comprises a 6 room maisonette arranged over 2 floors which is offered with vacant possession and has lapsed planning permission for conversion (to include a roof extension) in order to create 3 flats (2 x 1 bed and 1 x studio). The premises also includes 2 parking spaces to the front forecourt.
Areas: Shop area 682 sq ft (53.37 sq m)
Plus rear yard
1st and 2nd floor maisonette comprising 6 rooms — not measured
Terms: Offers based on £800,000 for the freehold interest, subject to vacant possession of the upper part.
Planning: Planning application no. 18/0374/ful (now lapsed)
Planning was granted on 17th September 2018 for the conversion of the upper floors into 3 no. Self-contained flats including the roof extension with rear dormer window and 2 roof lights to front roof slope.
The planning comprises 2 x 1 bedroom flats and 1 studio.
Location: Situated amongst a small parade where retailers include Co-op on Woodhouse Road which runs between Friern Barnet and Tally Ho Corner.