Vacant Freehold Shop and Upper Parts For Sale - London N13

Of Interest to Owner Occupiers, Investors and Developers

240-244 Green Lanes,  Palmers Green, LONDON N13 5TU

Features

  • Substantial freehold shop and upper parts for sale with vacant possession
  • Of interest to investors, developers and owner occupiers
  • Permitted planning uses include shop, office, restaurant, clinic and surgery
  • Gross Internal Area: 1,242.57 sq m (13,375 sq ft)
  • Asset management opportunities include refurbishment & reconfiguration, redevelopment, leasing and site assembly
  • Development potential to create additional massing at roof level to create residential or alternative use space STPP
  • Superb transport communications
  • Palmers Green Station: 125m
  • A406 North Circular Road: 570m

Unconditional offers are invited for the Freehold interest.
The property is not elected for VAT. 

Location

Palmers Green is an affluent North London suburb. The property occupies a prominent position in the heart of Palmers Green facing onto 'The Triangle' (the junction between Green Lanes and Aldermans Hill) and is located in a vibrant and well established High Street surrounded by middle class, low rise housing. Broomfield Park is 300 m to the west, St Anne's Catholic High School is 125 m to the south and Palmers Green Mosque is 370 m to the south-east.

There is a large public car park to the rear of the property.

The property has excellent public transport communications being only 125 m from Palmers Green Station which provides direct services to Moorgate with a journey time of 28 minutes.

Green Lanes is also on bus routes 121, 329 and W6.

Road communications are also excellent - the property is 570m to the north of the North Circular Road.

Local occupiers include Morrisons, Barclays, Holland & Barrett, McDonalds, HSBC, Boots, B&Q, Natwest, Savers Cyplon Travel, Travis Perkins and Costa Coffee. 

Accommodation

Gross internal area 1242.57 sq.m. /13374 sq.ft. 

Ground Floor665.64 sq.m. / 7164 sq.ft.
Vacant possession
First Floor576.92 sq.m. / 6209 sq.ft.
Vacant possession

Description

The property comprises a prominent two-storey building with a flat-roof. The property was historically occupied by Woolworths and later by Iceland.

The building is predominantly configured to provide rectangular open plan floor plates on both ground and first floor levels and has a gross internal area of 1,242.57 sq.m (13,375 sq.ft).

There are a number of asset management opportunities available at the property which include; potential to sub-divide the property to provide smaller units on ground floor level, refurbishment, reconfiguration and/or comprehensive redevelopment to create additional built space.

The depth of the building provides the potential for a significant roof space scheme. The potential for any additional massing on the flat roof is subject to obtaining the necessary planning consents. Interested parties are advised to carry out their own due diligence with regard to planning potential and site capacity.

As the property falls within Use Class E for planning purposes, permitted uses include shop, office, restaurant and clinic. Any use class outside Class E will be subject to the necessary planning consents. 

Terms

Freehold for sale with vacant possession

Viewings

By prior appointment with Gilmartin Ley, telephone 020 8882 0111 or CBRE, telephone 020 7420 3050.

Rateable value: £123,000

Estimated Rates Payable: £60,639 per annum

Service charge: n.a

Local authority: London Borough of Enfield

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Property reference: 29966 Updated: 06 Oct 2023