Winchmore Hill is a highly desirable and affluent North London suburb. The property is situated at the southern end of Wades Hill, less than 200m from Winchmore Hill Railway Station and less than 80m from The Green, the prestigious heart of Winchmore Hill.
Wades Hill extends between The Green, Winchmore Hill in the south and Green Dragon Lane to the north. The subject property is located on the west side of Wades Hill, just north of The Green. Local occupiers include Pink of London, The Post Office, Buckle and Vaughan, Hopper & Bean, Going Greek, The Larder, The Kings Head and The Salisbury Arms, as well as a number of boutique shops, cafes and pubs.
The location has excellent communication links. Winchmore Hill Mainline Station provides direct services to Finsbury Park (Victoria & Piccadilly Lines) and Moorgate (Northern Line), with journey times of 16 minutes and 31 minutes respectively. Northbound services provide further links to Hertford North and Stevenage.
Total income passing p.a.: £16,500
The property comprises a mid-terrace shop and upper parts.
The ground floor retail unit has a net internal area of approximately 35.65 sq m (384 sq ft) and is currently trading as an interior design showroom and office. The unit is fitted out to a good standard with spot lighting, wooden flooring and WC to the rear.
The unit is let to Green and Ginger Limited on a 10 year lease from 19th March 2021 at a passing rent of £16,500 per annum. The Tenant has indicated that they would be amendable to an early surrender of the lease to provide vacant possession.
The upper parts are sold off on a 999 year lease from 25th of March 1997 at a peppercorn ground rent.
Freehold for sale subject to a commercial lease of 10 years from 19th March 2021. The upper parts are sold off on a 999 year lease from 25th March 1997. Copies of the leases are available to download from our website. The property is not elected for VAT.
By prior appointment with Gilmartin Ley, telephone 020 8882 0111.
Local authority: London Borough of Enfield
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