Prominent Showroom with Sublease Income & Car Wash Forecourt - North Circular Road (A406), N13

Location:

Ideally positioned on the north side of the North Circular Road (A406), just east of the junction with Green Lanes (A105) and approximately 0.75 miles from the A10 (Great Cambridge Road), this well-located showroom offers excellent visibility and accessibility. Palmers Green British Rail Station is within walking distance, enhancing connectivity.

Property Description:

This single-storey retail showroom spans a gross internal area of approximately 5,600 sq ft, comprising a spacious main unit of 3,548 sq ft and a sublet area of 2,023 sq ft. The premises includes open-plan showroom space with extensive display frontage to both the front and side elevations, accessed via glazed doors on the west side.
The unit also features office space, storage areas, and WC facilities. Off-street parking is available, along with a forecourt area suitable for a car wash, already equipped with plumbing, a canopy, and designated advertising space. The car wash area is prominently positioned and can accommodate a two-lane, in-and-out configuration-ideal for high-traffic exposure directly off the A406.

Key Details:

*    Main Lease
o    Size: 3,548 sq ft
o    Rent: £70,000 per annum / £5,833.33 per month
o    Business Rates: Approx. £86,500 per annum
o    Term: 3.5 years remaining
o    Break Clause: 6 months' notice at any time
o    Deposit: £9,000
o    Advance Rent: 3 months
o    Outside the 1954 Landlord & Tenant Act

*    Sublease Income
o    Size: 2,023 sq ft
o    Rent: £30,000 per annum / £2,500 per month
o    Term: 3.5 years remaining
o    Break Clause: 6 months' notice after November 2025
o    Deposit: £15,000 held
o    Advance Rent: 3 months
o    Outside the 1954 Landlord & Tenant Act

*    Total Income from Sublease: £30,000 per annum
*    Net Rent Payable: £40,000 per annum

Tenure:
Available by way of assignment of the current lease with 3.5 years remaining, or a new lease on flexible terms, outside the Landlord and Tenant Act 1954.

Premium:
Premium required of £150,000 for purchase of lease.

Local Authority:
London Borough of Enfield