Golders Green Business Centre 4 & 5 Accommodation Road London NW11 8ED

  • Golders Green Business Centre<br>4 & 5 Accommodation Road<br>London<br>NW11 8ED

Golders Green Business Centre
4 & 5 Accommodation Road
London
NW11 8ED

Freehold North-West London Office Investment with Residential Conversion Potential

  • Located in the Heart of Golders Green, very close to Golders Green Underground, Bus & Coach Stations
  • Attractive Mews style street - Parallel to Golders Green Road
  • Business Centre comprising various Individually Facilitated Suites with Kitchen, Secretarial & Admin Facilities
  • Possible Residential Conversion Opportunity (subject to consents - See "Planning" below)
  • Further Asset Management Opportunities including possible Extension & Conversion of the roof space
  • VAT-Free Investment
  • In Pension Ownership for 25 Years
  • Lot
    8
  • Auction
    17th February 2022
  • Rent
    £57,515 per Annum
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    Live Streamed Auction
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Freehold North-West London Office Investment with Residential Conversion Potential

  • Located in the Heart of Golders Green, very close to Golders Green Underground, Bus & Coach Stations
  • Attractive Mews style street - Parallel to Golders Green Road
  • Business Centre comprising various Individually Facilitated Suites with Kitchen, Secretarial & Admin Facilities
  • Possible Residential Conversion Opportunity (subject to consents - See "Planning" below)
  • Further Asset Management Opportunities including possible Extension & Conversion of the roof space
  • VAT-Free Investment
  • In Pension Ownership for 25 Years
  • Lot 8
  • Auction 17th February 2022
  • Rent £57,515 per Annum
  • Status Sold Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
6 miles north-west of Central London
Roads
A406 (North Circular),A41 (Finchley Road), M1
Rail
Golders Green Tube Station (Northern Line)
Air
London Luton, London Heathrow
Situation

Golders Green is an affluent North West London suburb, 5 miles north-west of London's West End. Golders Green benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is located on Accommodation Road, which runs between Hodford Road and Armitage Road & parallel to Golders Green Road. Golders Green Underground, Bus & Coach Stations are located within a 3 minute walk of the property.
Shops located nearby include Costa, Caffe Nero, KFC, Specsavers, Sainsburys and a variety of independent restaurants, coffee shops & retailers.

Tenure

Freehold.

Location
Miles
6 miles north-west of Central London
Roads
A406 (North Circular),A41 (Finchley Road), M1
Rail
Golders Green Tube Station (Northern Line)
Air
London Luton, London Heathrow
Situation

Golders Green is an affluent North West London suburb, 5 miles north-west of London's West End. Golders Green benefits from excellent communications being close to the A406 (North Circular Road) and M1. The property is located on Accommodation Road, which runs between Hodford Road and Armitage Road & parallel to Golders Green Road. Golders Green Underground, Bus & Coach Stations are located within a 3 minute walk of the property.
Shops located nearby include Costa, Caffe Nero, KFC, Specsavers, Sainsburys and a variety of independent restaurants, coffee shops & retailers.

Tenure

Freehold.

Description

The property comprises a Business Centre arranged on the ground and first floors, providing 10 office suites. The property includes 2/3 car parking spaces.

VAT

VAT is not applicable to this lot.

Planning

A number of former offices on Accommodation Road have been converted to Residential including No.3 (sold in 2016 for £675,000),10-14,15,17,17a & 18. The Seller has received recent Planning Advice (Nov 2021) providing an assessment of the development potential for future conversion to residential, a copy of which can be obtained from the auctioneers. For further information - London Borough of Barnet - www.barnet.gov.uk Tel : 020 8359 3000

Completion Period

6 Week Completion

EPC

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

Description

The property comprises a Business Centre arranged on the ground and first floors, providing 10 office suites. The property includes 2/3 car parking spaces.

VAT

VAT is not applicable to this lot.

Planning

A number of former offices on Accommodation Road have been converted to Residential including No.3 (sold in 2016 for £675,000),10-14,15,17,17a & 18. The Seller has received recent Planning Advice (Nov 2021) providing an assessment of the development potential for future conversion to residential, a copy of which can be obtained from the auctioneers. For further information - London Borough of Barnet - www.barnet.gov.uk Tel : 020 8359 3000

Completion Period

6 Week Completion

EPC

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

Tenancy & Accommodation

Building Floor Use Floor Areas (Approx) Tenant Licence Gross Rent (1) Rent Review
No. 4 Ground Post Box
-
 SMG (Metal Broker) Licence from 13/01/2022 £425  
  Ground Office
13.43 sq m (145 sq ft)
 S LEVENSON (Accountant) Licence from 01/03/2018 £10,740  
  Ground Office
15.38 sq m (165 sq ft)
 BA BOOKKEEPING SERVICES (Bookkeeping) Licence from 01/03/2018 £8,400  
  First Office
15.95 sq m (172 sq ft)
 VELVET SANDS LTD (Financial Advisor) Licence from 01/11/2021, expiring 30/20/2022 £9,000  
  First Office (2 Suites)
18.02 sq m (194 sq ft)
 VACANT - -  
No. 5 Ground Office
17.92 sq m (193 sq ft)
 ICARUS FOOTBALL (Marketing) Licence from 01/01/2022, expiring 31/12/2022 £7,650  
  Ground Office
12.94 sq m (139 sq ft)
 PRESTIGE ESTATES (UK) LIMITED (Property Management) Licence from 01/12/2021, expiring 31/12/2022 £10,500  
  First Office
15.19 sq m (164 sq ft)
 G.A.MANAGEMENT & ACCOMMODATION (GAMA) SOLUTIONS LTD (Property Management) Licence from 07/04/2021 £10,800  
  First Office (2 Suites)
18.02 sq m (193 sq ft)
 VACANT - -  
Total    
126.85 sq m ( 1,365 sq ft)
     £57,515 (1)  

(1) NB - Please note rents are inclusive of all outgoing costs, such as rates, gas, electricity, water, cleaning & maintenance - Please see legal pack for breakdown of operational costs.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Simons Property Consultants SPC House, P O Box 586
Edgware
Middlesex
HA8 4DW
Andrew Simons 07831 217 368 07831 217 368property@andrewsimons.co.uk
Seller's Solicitors
Raymond & Co Solicitors 1H Leroy House, 436 Essex Road
London
N1 3QP
Simon Raymond 0207 359 0422raymond.co@btconnect.com

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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