North London Yard and Site Office Lease for Assignment

Transcription

1 The Railway Sidings Oakleigh Road South, New Southgate, LONDON, N11 1HJ Area Site Area: 6,920 sq.m. (74,486 sq.ft.) Rent Substantial premium required with a passing rent 90,000 per annum (approx. 7,500 monthly) subject to contract Property Description The property comprises a 1.71 acre open storage site with a two storey office building of approximately 330 square metres (3,552 square feet). The property is divided into a front office and car parking section (30 spaces) and a rear yard. Both sections have security gates and are monitored by CCTV. The site office benefits from comfort cooling, suspended ceilings, central heating, with kitchens and WC facilities. The property is understood to be served by mains gas, water and electricity. > Site area: 1.71 acres > Office GIA: 323 sq.m (3,552 sq.ft) > of a > 30 car parking spaces > Vacant possession anticipated Q > Lease features a Tenant break option on 12 months notice > Lease features a Landlord break on 6 months notice but only on the basis of "railway development" > 8 miles north of Central London > Excellent road transport communications being less than a mile north of the North Circular Road (A406) > Arnos Grove Underground Station is 0.7 miles to the east, and New Southgate Railway Station 0.4 miles to the south-east

2 Accommodation Area sq.m. Area sq.ft. Comments Site Office Site Area 330 6,920 3,552 74,486 Gross Internal Area Property Location The property is located behind the southern side of Oakleigh Road South and is situated directly to the north of the railway lines.it is accessed via a service road from Oakleigh Road South. The property has good transport communications. In terms of road connections, the North Circular Road (A406) is approximately 1.4 kilometres (0.87 miles) to the south east, the M1 Motorway (Junction 1) approximately 7.58 kilometres (4.71 miles) to the west and the M25 Motorway (Junction 25) approximately 9.48 kilometres (5.89 miles) to the north. Public transport communications are also well provided for. New Southgate Railway Station with regular direct services to London Moorgate Station (journey time 24 minutes) and Finsbury Park Station (journey time 10 minutes) is approximately 0.6 kilometres (0.37 miles) to the south east of the property. Arnos Grove London Underground Station (Piccadilly Line) is 1.1 kilometres (0.7 miles) to the east. Numerous bus services also operate in proximity to the subject property. Service Charge p.a. The lease provides for the tenant to contribute a fair and proper share towards estate services including the upkeep of the service road. Premium Only substantial premium offers for the assignment of the lease will be considered. Terms An assignment of the lease expiring May 2035 with vacant possession anticipated in the third quarter of A copy of the lease is available to download from While it is not our client's preference, consideration may be given to a new full repairing and insuring sub-lease for a term to be agreed (within the confines of the overriding lease) with a rent of 200,000 per annum. Legal Fees: Both parties' legal fees borne by incoming tenant Local Authority: London Borough of Barnet Viewings: Strictly by prior appointment with Gilmartin Ley, telephone Further information at: Energy performance certificate Lease dated 12th May 2015 Last Updated: 11 May 2016 Gilmartin Ley for themselves and for the vendor / lessor of the property whose agent they are give notice that: (1) these details are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute, not constitute part of, an offer or contract; (2) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility: any intending purchasers or lessees should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (3) no director or person in the employment of Gilmartin Ley has any authority to make or give any representation or warranty whatever in relation to any of the properties on this website; (4) we have not tested any of the services, such as heating, power supplies, lighting, fire or security alarms etc. serving any of the properties on this website and therefore are unable to confirm that they are in satisfactory working condition or comply with appropriate regulations; (5) all rentals and prices quoted are exclusive of VAT, unless otherwise stated.

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