Intec House, Moxon Street, Barnet EN5 5TS

A substantial building in Barnet offered for sale unconditionally

Key Information

Location

Barnet EN5

Planning Status

Unconditional

Price

£5,200,000, subject to contract

Description

Investment/Development Opportunity

Data Room

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Overview

Intec House is a three-storey, freehold building sat within a site extending to approx. 0.6 acres.

The building includes an internal lift and lower-ground level car park with circa 28 car parking spaces, in addition to surface parking to the front of the building.

The ground floor comprises a waiting/reception area and mostly double-height warehouse/distribution areas, with the upper parts comprising a mix of offices, storage space and workshops.

The property is currently let to a mix of tenants on monthly licenses, producing an income of approx. £250,000 per annum. The income itself varies up and down on a monthly basis due to the tenancy type.

Subject to obtaining all necessary approvals and consents, the property benefits from development potential to provide a commercial, residential or mixed-use scheme.

There are likewise asset management opportunities to enhance the value of the building and income, through both refurbishment and tenant profile.

Offers are to be sent via email to [email protected] by Midday on Friday 7th February 2020, detailing the following:

1. Price
2. Exchange & completion timescales
3. Exchange deposit
4. Method of funding
5. Solicitor details
6. Any associated conditions

NB: The seller is prepared to consider completions between zero & three months post-exchange of contracts.

Viewings are by appointment only, please contact a member of our team on 020 3640 6420 or email [email protected] to arrange an inspection.

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Investment Summary

  • A three-storey freehold building, currently arranged as serviced offices & warehouses producing approx. £250,000 per annum
  • Substantial development potential, subject to obtaining all necessary consents
  • Located within walking distance of both Barnet High Street & High Barnet Station
  • Prominent site measuring approx. 0.6 acres / 26,132 square feet / 2,428 square metres
  • Please note, an Article 4 Direction is in place
  • Lower-ground floor car park with approximately 28 car parking spaces, in addition to circa 8 surface parking spaces
  • Viewings by appointment only – please contact a member of our team to arrange an inspection

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