Southgate is an affluent North London residential suburb lying around 7 miles north of Central London. Junction 24 of the M25 is approximately 4 miles to the north and the A406 North Circular Road is approximately 1.5 miles to the south.
The property is situated in the heart of Southgate on the south side of Chase Side (A111), within 200m of Southgate Underground Station (Piccadilly Line), just west of Southgate Circus and bus terminus. Travel time to Central London on public transport takes approximately 25 minutes.
Immediate occupiers include; Marks & Spencer, Asda, WHSmith, Boots, Pure Gym, Richer Sounds, Wilton Patisseries, Costa Coffee, McDonalds, Nandos, KFC and Greggs, as well as many other established independent retailers, restaurants, bars and public houses.
The property comprises a ground floor retail unit which is configured to provide open plan retailing space, a staff room with kitchen area and separate staff & customer WCs. The unit was previously trading as a Ladbrokes bookmakers.
The property benefits from wooden flooring, air conditioning, rear access and integral electrically operated security shutters.
Available to let on a new fully repairing and insuring lease on terms to be agreed.
Rent: £27,500 per annum (approx. £2,292 monthly) £328.79 per sq.m. / £30.56 per sq.ft.
Premium: nil
Rateable value: £25,000
Estimated Rates Payable: £12,000 per annum
Service charge: TBC
Local authority: London borough of Enfield