The property is located in the affluent north London suburb of Cockfosters just south of Hadley Wood and west of Trent Park, which is situated at the eastern end of Games Road, close to the intersection with Chalk Lane, a turning off the A111 Cockfosters Road. Cockfosters Road occupies a host of cafes, restaurants, banks, pubs and independent retailers.
The location benefits from excellent road and rail transport communications.
Cockfosters London Underground Station (Piccadilly Line) is less than 0.5 kilometres (0.3 miles) to the south east, providing services into King's Cross & St Pancras International Station, with a journey time of 26 minutes.
Junction 24 of the M25 is circa 3.5 kilometres (2.2 miles) to the north of the property.
The office comprises the second floor level of a 1980's three storey Georgian style office building.
The accommodation is currently arranged as a mix of larger open plan office suites and private office rooms. The offices also benefit from a modern reception and waiting area and board room.
The subject space has been recently refurbished to a high standard and benefits from; air conditioning, gas central heating, private kitchen and use of communal WC facilities. There are 3 demised car parking spaces within the private car park.
Assignment of a 5 year commencing 3rd November 2016 with a Tenant only break option on the expiration of the third year of the Term There are rent increases throughout the term of the lease on the following basis: From 3rd November 2017 to and including the 2nd November 2018 - £23,680. From 3rd November 2018 to and including the 2nd November 2019 - £26,880. N.B. There is also provision for an RPI or CPI indexed uplift in the rent on 3rd November 2019. A copy of the lease is available to download from the Gilmartin Ley website.
Rent: £22,400 per annum (approx. £1,867 monthly) £208.97 per sq.m. / £19.43 per sq.ft.
Premium: N/A
Rateable value: £16,000
Estimated Rates Payable: £7,680 per annum
Service charge: Estimated to be £4,061.44 for 2017 calculated as 16.7% of expenditure items relating to the property - details available to download from the GilmartinLey website.
Local authority: London Borough of Barnet.