148 High Street Barnet Greater London EN5 5XP

  • 148 High Street<br>Barnet<br>Greater London<br>EN5 5XP

148 High Street
Barnet
Greater London
EN5 5XP

Freehold Public House and Residential Investment

  • Entirely let to Bigger Peach Limited (with personal guarantee) t/a The Butchers Arms until 2032 (no breaks)
  • Public house with 2 bedroom maisonette on first and second floors
  • Prominent High Street location opposite The Spires Shopping Centre in popular North London suburb
  • Nearby occupiers include Sainsbury's, Boots,Starbucks, Holland & Barrett and Thomas Cook
  • Important December 2017 rent review
  • Lot
    48
  • Auction
    19th October 2017
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £810,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Public House and Residential Investment

  • Entirely let to Bigger Peach Limited (with personal guarantee) t/a The Butchers Arms until 2032 (no breaks)
  • Public house with 2 bedroom maisonette on first and second floors
  • Prominent High Street location opposite The Spires Shopping Centre in popular North London suburb
  • Nearby occupiers include Sainsbury's, Boots,Starbucks, Holland & Barrett and Thomas Cook
  • Important December 2017 rent review
  • Lot 48
  • Auction 19th October 2017
  • Rent £45,000 per Annum Exclusive
  • Status Sold
  • Price £810,000
  • Sector
    Public House
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
11.4 miles north of Central London
Roads
A108, A411, M25 (Junction 23 & 24), A1(M) (Junction 1)
Rail
High Barnet Station (Northern Line)
Air
City Airport, Heathrow Airport, Luton Airport, Stansted Airport
Situation

Barnet is a popular North London suburb and the commercial hub for the Borough of Barnet. The High Street provides access to the M25 (Junction 23) and also benefits from close proximity to High Barnet Underground Station (Northern Line). The property occupies a prime position on High Street opposite The Spires Shopping Centre, which houses occupiers including Costa Coffee, WH Smith, Dorothy Perkins and Waterstones. Other nearby occupiers include Boots, Starbucks and Holland & Barrett.

Tenure

Freehold.

Location
Miles
11.4 miles north of Central London
Roads
A108, A411, M25 (Junction 23 & 24), A1(M) (Junction 1)
Rail
High Barnet Station (Northern Line)
Air
City Airport, Heathrow Airport, Luton Airport, Stansted Airport
Situation

Barnet is a popular North London suburb and the commercial hub for the Borough of Barnet. The High Street provides access to the M25 (Junction 23) and also benefits from close proximity to High Barnet Underground Station (Northern Line). The property occupies a prime position on High Street opposite The Spires Shopping Centre, which houses occupiers including Costa Coffee, WH Smith, Dorothy Perkins and Waterstones. Other nearby occupiers include Boots, Starbucks and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises a ground floor public house with basement WCs and part first floor kitchen, office and staff accommodation. The remainder of the first floor and second floor comprises a two bedroom maisonette. The property also benefits from a rear garden. Last year a refurbishment programme was carried out by the tenant.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor public house with basement WCs and part first floor kitchen, office and staff accommodation. The remainder of the first floor and second floor comprises a two bedroom maisonette. The property also benefits from a rear garden. Last year a refurbishment programme was carried out by the tenant.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Ground
Basement
First

First/Second		 Public House
Ancillary
Kitchen/Ancillary/
Residential
Residential
211 sq m
73.40 sq m
64.28 sq m



39.20 sq m
(2,271 sq ft)
(790 sq ft)
(692 sq ft)



(422 sq ft)
 BIGGER
PEACH
LIMITED
with personal
guarantee t/a
The Butchers
Arms		 Approximately
19 years and
7 months from
24/04/2013		 £45,000 25/12/2017
and five
yearly
(24/12/2032)
Totals
387.88 sq m
(4,175 sq ft)
     £45,000  

Contacts

Seller's Solicitors
Seddons Solicitors 5 Portman Square
London
W1H 6HT
Thomas White 0207 725 8045thomas.white@seddons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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