High Barnet Station (Northern Line), New Barnet Railway Station
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 Great North Road provides access to the M25 (Junction 23), benefits from close proximity to High Barnet Underground (Northern Line) being 250 yards to the north and New Barnet Railway Station providing a direct service to Moorgate Station with an average journey time of 31 minutes. The property occupies a prominent position on Great North Road, at it's junction with Station Road and set back with an access road, Western Parade, directly in front of the property. The neighbouring area is a mix of commercial premises and residential dwellings with neighbouring occupiers including BP, M&S, Tesco Express and a multiple of local restaurants and retailers.
Tenure
Leasehold. For a term of 99 years from and including 25th December 1933 up to and including 24th December 2032 held from The Warden and Society of the Mistery or Art of the Leatherseller's of the City of London at an annual rent of £200.
High Barnet Station (Northern Line), New Barnet Railway Station
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 Great North Road provides access to the M25 (Junction 23), benefits from close proximity to High Barnet Underground (Northern Line) being 250 yards to the north and New Barnet Railway Station providing a direct service to Moorgate Station with an average journey time of 31 minutes. The property occupies a prominent position on Great North Road, at it's junction with Station Road and set back with an access road, Western Parade, directly in front of the property. The neighbouring area is a mix of commercial premises and residential dwellings with neighbouring occupiers including BP, M&S, Tesco Express and a multiple of local restaurants and retailers.
Tenure
Leasehold. For a term of 99 years from and including 25th December 1933 up to and including 24th December 2032 held from The Warden and Society of the Mistery or Art of the Leatherseller's of the City of London at an annual rent of £200.
Description
First opened in 1935, the Grade II listed cinema provides five unique cinema screens, multiple bars and a Spielburger restaurant which benefits from a separate self-contained entrance.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
First opened in 1935, the Grade II listed cinema provides five unique cinema screens, multiple bars and a Spielburger restaurant which benefits from a separate self-contained entrance.
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. sq. m.
Floor Areas Approx. (sq. ft.)
Tenant
Term
Rent p.a.x.
Rent Review
Various
Cinema (5 screens)
2,717.04
(29,246) (3)
EVERYMAN MEDIA GROUP PLC, on assignment from, ODEON CINEMAS LIMITED (1)
A term of years from 30/08/2013 until 22/12/2032
£216,509
01/07/2025 and annually thereafter (2)
Total
2,717.04
(29,246)
£216,509
(1) Everyman Media Group PLC was founded in 2000 and operate from 49 cinemas across the UK. (2) The lease provides for annual RPI Linked rent reviews subject to a minimum of 1% and a maximum of 5%. (3) The floor areas stated have been provided by the Vendor.
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.
