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Retail Investments, Development - Residential for Sale
High Road, Wood Green, London, N22
1,908 sf
Retail Investments, Development - Residential for Sale
High Road, Wood Green, London, N22
The property occupies a prominent position on Wood Green's High Road, the primary shopping destination in Wood Green. The High Road has been named one of Wood Green's key placemaking areas in their regeneration scheme by creating a network of high-quality public realm improvements for people to spend time in and relax.
The property comprises a ground floor shop let to Bubbleology with vacant first & second floor ancillary space. The uppers have been granted planning permission for a rear extension and conversion into two self-contained flats accessed from the rear of the property.
The subject property is adjacent to the Mall which includes a 12 screen Cineworld, TK Maxx, Pure Gym, Lidl, Boots, Primark, and close proximity to two car parks with a total of 1,300 spaces.
The ground floor only is let to Bubbleology for 10 years, from 31 July 2023 and expiring 30 July 2033, on eFRI basis, with a 5th year tenant only break, at a rent of £65,000 per annum exclusive (stepped rent of Y1 £60,000, Y2 £61,000, Y3&4 £63,500 and Y5 £65,000) to be topped up by the vendor.
Location
Wood Green is a vibrant and busy area of north London, within the Borough of Haringey. This is an exciting area with easy access to events at Alexandra Palace and a short distance to Tottenham Hotspur stadium. These amenities attract a high footfall as well as being enjoyed by residents.Haringey is the capital's best-connected borough, being just 10 minutes away from central London, with direct routes to King's Cross, Liverpool Street, Cambridge, and Stansted Airport. Wood Green Tube station provides the area with excellent connectivity There is also potential for a future Crossrail 2 station, which would connect Haringey to South-West London.
Wood Green is currently undergoing a regeneration scheme, strengthening its position as the economic and cultural heart of North London. This will be done by revitalising public spaces, improving connections to the Cultural Quarter and enhancing parks and green spaces. High Road and Station Road are both key areas of the scheme, with plans to make the area more welcoming through diversifying amenities, to include big retailers, local retailers and community dedicated spaces for artwork and events. Nearby on the High Road is The Mall Shopping Centre with tenant's including Cineworld, Boots, Pret, JD and Five Guys.
Related links
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