Vulcan Works,
34 – 36 Henry Road, New Barnet EN4 8BD
Offers in excess of £1,350,000
Light Industrial Freehold for Sale
Permitted development potential from 1st October 2017
Knockdown new build potential STPP
Large adjacent carpark
GIA 486m2
Located in New Barnet
Current income approximately £14,000p.a
Freehold
Offers in excess of £1,350,000
Description
The existing property is rectangular in shape and set over two floors of B1 (light industrial) space of approximately 486m2 (GIA) with large adjacent carpark. The property now benefits from planning permission for the installation of new windows to the rear elevation, which will create ideal light for a residential permitted development scheme from the 1 October 2017. The property currently benefits from a small income of approximately £14,000 per annum as per our below schedule.
Location
The property is located on the corner of Henry Road and Lancaster Road, New Barnet, within the London Borough of Barnet. Barnet High Street is located nearby with a mixture of high street shops and independent stores as well as an excellent selection of cafes and restaurants. The unique Everyman Cinema is a short drive from the property, as is the Spires Shopping Centre.
Barnet is well known for its choice of excellent schools that regularly top the league tables, including the outstanding St Mary’s C of E Primary School and many excellent secondary schools.
Transport
New Barnet train station is a short walk away with trains into the City taking 30-minutes. High Barnet Underground Station (Northern Line) is a 5-minute drive from the property. The A10 North Circular, M1 and A1M are all a short drive away with fast links to the M25 and into Central London.
The site has a PTAL rating of 3 according to the TFL planning information database.
Planning Permission
Planning permission was granted on the 28/02/17 (reference 16/8190/FUL) for installation of new windows to the rear elevation.
Development Potential
In our opinion the property will qualify for prior approval from 1 October 2017 when the permitted development rights on B1 extend to Light Industrial but buyers are to satisfy themselves in this regard.
VAT
We understand that VAT is not applicable.
Viewings
For internal access please speak to a member of the Highfield team.
Tenure
Freehold
Additional Information
Planning documents, floor plans and other related documents can be provided in the form of a Further Information Pack.
Terms
We are inviting offers in excess of £1,350,000 for the freehold interest.
Schedule
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.