* New build class E unit as part of the Beaufort park scheme
* Let to an organic supermarket on a new 20 year lease with no breaks
* Comprising 1, 420 sq ft entirely over ground floor
* Let at a reversionary £28, 400 per annum
* Upward only index linked reviews every 5 years
* Rent deposit held by the Vendor
* Virtual Freehold of 999 years from January 2005
* Offers in excess of £395, 000
* Net initial yield of 7% with the Vendor topping up rent free
Unit 38 is a prominent corner unit benefiting from fully glazed return
frontage and is located on the eastern side of the scheme, facing Boulevard
Drive and Beaufort Square. The property has recently undergone extensive
fitout to a high quality organic café and supermarket, from the developers
shell and core condition. The property is connected to all mains services and
is dda compliant. The Tenant also has use of the external area to the front
for seating. 18 months rent free was granted to the Tenant, which the Vendor
will top up on completion.
The St George Development at Beaufort Park began in 2005 and kickstarted the
regeneration of the Colindale Area after being identified as an area of
intensification by The Mayor of London. Beaufort Park consists of over 3, 500
new homes and 100, 000 sq ft of commercial space. There are approximately
8, 000residents within the scheme and 33, 000 residents within close proximity.
Colindale has undergone extensive regeneration and has established itself as a
key central hub in North West London. The area has shown huge population
growth and plans have been approved by Barnet council to provide a further
10, 000 homes by 2024. Colindale has also become a vibrant commercial centre
with a wide range of retail and leisure offerings on its doorstep. With it’s
close proximity to Middlesex University, Brent Cross, Saracens Rugby and
Wembley stadium and good travel links into the City & West End, Colindale is a
hub for a mix of students and professionals. Beaufort Park is located in
Colindale between Aerodrome Road and Grahame Park Way. It benefits from
excellent road links, with Aerodrome Road being directly accessed from the A41
(Watford Way) which provides connectivity to the M1 and A406 (North Circular).
The A5, close by directly connects with Central London.

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