Location
The property is located at the end of a terrace of mixed-use properties on Woodhouse Road (A1003) at the junction with Short Way. New Southgate railway station is 0.9 miles away and provides a direct service to Moorgate. West Finchley London Underground station is 1.1 miles away and is on the High Barnet branch of the Northern line between Finchley Central and Woodside Park stations. The area is well served by buses. The A406 (North Circular) is approximately 1 mile away and provides access to the A1, M1 and A10.

Please note all distances given are approximate only.

Description
A ground-floor commercial unit currently used as an office and occupied by a care agency. The property benefits from a return frontage onto Short Way. It measures approximately 630 square feet (58.6 square metres) and has a w/c, kitchenette and glazed frontage.

Please note that the sizes given are approximate only and all interested parties are advised to rely on their own inspection and survey.

Description
2023 Ratable Value: £11,250
UBR (2022/23): 49.9p/£
Rates Payable: £5,613.75

These figures have been provided by the VOA. All interested parties are advised to make their own enquiries to confirm the accuracy of these figures with the London Borough of Barnet business rates department.

Tenancy
The property is currently let to Enhanced Care Solutions Ltd. The lease commenced October 2019 and is for a 5-year term expiring October 2024. The current passing rent is £14,300 per annum.

Tenure
The property is held on a 125-year lease from February 2006 with a £200 annual ground rent.

VAT
The property has been elected for VAT. We expect the sale can be treated as a transfer of a going concern (TOGC). Interested parties are advised to seek appropriate professional advice on this point.

Terms
The property is to be sold subject to the existing tenancy. Offers are invited in excess of £235,000. All negotiations are strictly subject to contract.