Barnet EN5
Unconditional
£5,200,000, subject to contract
Investment/Development Opportunity
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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