Opportunity to acquire a freehold mixed-use Investment building located in the heart of Barnet High Street
Location
134 High Street, Barnet EN5 5XQ
Barnet High Street is a vibrant area known for its historical charm and convenient location, offering easy access to green spaces, schools, and transport options, including nearby underground stations and bus routes, making this property desirable for both commercial tenants and residential occupants. The local schools include Foulds Primary School (0.4 miles), Christ Church Primary School (0.6 miles) and Queen Elizabeth’s Secondary School (0.7 miles).
Existing Property
The property comprises a three-storey building of approximately 2,536 sq ft, with the ground floor let to Greggs for retail use and the upper floors arranged as residential accommodation, providing two studio flats and one one-bedroom flat.
Greggs has occupied the ground floor since 2013 and has recently renewed its lease on a five-year FRI basis, including a break clause at year three, currently producing £38,000 per annum, increasing to £39,000 per annum following the break.
