Land for sale

East Barnet Road, Barnet EN4

A long leasehold advertising opportunity occupying a prominent roadside position fronting the A110 East Barnet Road, New Barnet, close to the railway bridge and New Barnet railway station. Benefiting from advertisement consent for A 48-sheet digital billboard, the site has a history of established advertising use and offers an opportunity to establish an income-generating advertising installation, subject to the necessary infrastructure and operational arrangements.

Location

The property occupies a prominent roadside position on the southern side of East Barnet Road (A110), New Barnet, immediately west of the railway bridge and close to New Barnet railway station.

East Barnet Road forms an established vehicular route connecting New Barnet with East Barnet Village and the surrounding road network. The subject site occupies an elevated roadside embankment, with the proposed advertising display facing eastbound traffic travelling towards the railway bridge and East Barnet Village.

The immediate surroundings comprise a mixture of residential and commercial uses, including residential properties at Alice Close to the rear, established commercial premises and other roadside advertising installations in the vicinity.

The position offers good forward visibility to approaching traffic, with an established history of advertising hoardings in this location.

Description

The property occupies a prominent roadside position on the southern side of East Barnet Road (A110), New Barnet, immediately west of the railway bridge and close to New Barnet railway station.

East Barnet Road forms an established vehicular route connecting New Barnet with East Barnet Village and the surrounding road network. The subject site occupies an elevated roadside embankment, with the proposed advertising display facing eastbound traffic travelling towards the railway bridge and East Barnet Village.

The immediate surroundings comprise a mixture of residential and commercial uses, including residential properties at Alice Close to the rear, established commercial premises and other roadside advertising installations in the vicinity.

The position offers good forward visibility to approaching traffic, with an established history of advertising hoardings in this location.

Description

The property comprises a narrow parcel of long leasehold land occupying an elevated roadside verge or embankment on the southern side of East Barnet Road, immediately adjoining the public highway.

The site has historically been used for roadside advertising purposes, with previous installations comprising traditional poster advertising hoardings.

The interest benefits from advertisement consent granted by the London Borough of Barnet for the installation of one 48-sheet digital advertising display, presenting an opportunity for a purchaser to establish a modern digital advertising installation.

The approved proposal comprises an internally illuminated digital display, with an advertising face approximately 6 metres wide by 3 metres high, positioned to face traffic travelling eastwards along East Barnet Road.

The long leasehold interest has been subject to a deed of surrender and re-grant, which provides for an enlarged demised depth of approximately 4 metres and expressly permits the use of the premises for digital advertising, alongside traditional advertising structures and hoardings.

The lease also contains provisions relating to the connection of an electricity supply, subject to the relevant costs, statutory requirements and any necessary easements or wayleaves.

The property offers potential for advertising operators or investors seeking to establish a commercial advertising installation in an established roadside location.

Prospective purchasers should satisfy themselves regarding the site's present condition, existing infrastructure, costs of installation, electricity connections and suitability for their intended use.

Planning & Advertisement Consent

The site falls within the administrative area of the London Borough of Barnet.

Advertisement consent was granted on 17 August 2023 under application reference 23/2567/adv for the following proposal:

"Installation of 1 x 48 sheet digital advertising display unit."

The consent permits the installation of a single internally illuminated digital advertising display, subject to the approved plans and conditions.

The approved drawing is identified as A001 Revision 03.

The consent was granted for a period of five years commencing on 17 August 2023 and includes conditions relating to the display's luminance, maintenance, visual amenity and highway safety.

The proposed installation is intended to replace the historic form of traditional poster advertising with a modern digital advertising display, enabling the electronic presentation of advertisements.

Copies of the advertisement consent and supporting planning documents are available upon request.

Interested parties should make their own enquiries with the London Borough of Barnet regarding the terms and duration of the advertisement consent, the approved plans, any further consents required and the suitability of the site for their intended operation.

Tenure

125 years from 5th August 1999 (approx. 98 years unexpired).

Ground Rent

A Peppercorn (nil).

Services

The lease contains provisions permitting connection to the nearest available electricity supply point on the landlord's property for the purpose of illuminating or digitising advertising displays, subject to the leaseholder meeting the relevant connection and supply costs.