Summary - Barnet 20a-22 High Street, Barnet, Hertfordshire, EN5 EN5 5RU
1 bed 1 bath Commercial Property
Two long-lease commercial units on Barnet High Street — auction sale with income and rent review.
Two town-centre commercial units in Tudor-revival frontage
A rare opportunity to buy two town-centre commercial units in Barnet High Street, offered for sale by public auction on 10 September 2024. The properties are arranged within an attractive Tudor-revival, mixed-use frontage and currently produce a combined rent of £34,000 per annum, with an outstanding rent review dated January 2024. The leasehold interest carries around 997 years remaining, offering long-term security for an investor.
This lot is aimed at investors seeking immediate income and town-centre exposure. The High Street location benefits from strong pedestrian trade and a wide range of local amenities including supermarkets, cafés, restaurants and transport links. Mobile signal is excellent for modern traders, though advertised broadband speeds are slow — factor potential upgrade costs for occupiers who need high-capacity internet.
The sale will proceed under auction conditions: a 10% deposit (minimum £5,000) and a Buyer’s Administration Fee of £1,500 are payable on fall of the hammer, with contracts exchanged and legal completion required 28 days after the auction. Buyers should review the full legal pack before bidding to confirm tenancy terms, any outstanding liabilities and the detailed rent review position.
Notable drawbacks are straightforward: the property is leasehold, the wider area records a higher crime rate, and the building is a period commercial unit that may require ongoing maintenance or updates to meet modern retail standards. These factors will influence tenant demand and running costs, but the long lease length and central trading position create clear potential for stable rental return or value-add refurbishment.
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