31 Darkes Ln
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31 Darkes Ln
387 SF Retail Building Potters Bar EN6 2HX £260,000 (£672/SF) 7.69% Net Initial Yield
Investment Highlights
- High Street location
- Walking distance from Potters Bar train station
- High passing vehicular traffic and footfall
Executive Summary
Virtual freehold (999 years) comprising a ground floor lock-shop let to a barbers. The premises has been recently renovated and the business trades well. It is currently held on a 15 year lease from June 2023 with 14 years remaining at a passing rent of £20,000 pa. There is a break clause every 5 years and 5 yearly rent reviews.
The shop is arranged mainly as open planned with kitchen and WC to the rear.
The shop is arranged mainly as open planned with kitchen and WC to the rear.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
387 SF
Building Class
B
Year Built
1920
Price
£260,000
Price Per SF
£672
Net Initial Yield
7.69%
NOI
£20,000
Tenancy
Single
Number of Floors
3
Building FAR
0.30
Land Acres
0.03 AC
Frontage
19 ft on Drakes Lane
Amenities
- Signage
- Roller Shutters
1 of 1
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Adrian Cole -
Claridges Commercial
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VIDEOS
3D TOUR
PHOTOS
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31 Darkes Ln
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