549 High Road, London, LND

The property comprises a three storey building with retail space on the ground floor and office space on two upper floors.
The property occupies a prominent position on the west side of High Road, at its junction with Reform Row and is in close proximity to Bruce Grove Rail Station in this busy North London suburb.

Sale Notes:
The investment opportunity comprises comprises ground floor (Banking Hall / Ancillary) with office/ commercial space on first and second floors.
The ground floor is let to Barclays Bank Plc for a term of 20 years from 31 July 2006 at a current rent of £29,500 p.a. with a rent review on 24 June 2012 and 5 yearly there after. A tenant’s option to break at the end of year 15. First and second floor Offices are currently let to D H Smith T/a Fairbairn Smith & Co Solicitors for 5 years from 28 March 2010 at a current rent of £18,500 p.a. Planning has been obtained to convert First and Second Floors into residential.

Rent-£48,000.