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.
(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.
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