141 High Street Southgate N14

Acting on behalf of a Coffey Construction Limited, Gilmartin Ley sold the freehold interest in 141 High Street, Southgate N14.  The property comprises:

• a 1,834 sq ft ground floor retail / banking unit let to Barclays until June 2011 at £29,000 p.a.
• a 422 sq ft ground floor estate agents let until November 2023 at a passing rent of £14,000
• two upper floors of vacant offices with a total net area of 5,507 sq ft

The property was sold with the benefit of a planning consent to add two floors and for the resulting 2nd - 4th floors to provide 18 flats, with the first floor remaining as offices.

The property was sold in May 2010 to a private individual for £2 million.