- Freehold Investment
- Income producing from day 1 @£15,000p.a.
- Approx 900.sq ft (85sq M) total usable space
- New 10 yr FRI lease just agreed as of March 2018
- Large secure storage/lock up at rear which could be let to produce further income
- Developmet potential at the rear
- Same tenant for over 10 years
- Viewings - please contact Auction House London 0207 625 9007
- For Sale by AUCTION ONLY on 11th April 2018
Opportunity to buy a Freehold Investment. - For Sale by Auction ONLY on 11th April 2018 (see auction details below)
The property comprises retail at ground level, currently let to an existing long term tenant trading as Sairui Health Centre.
The total ground floor extends to approx. 900sqft.
The street facing unit at front is currently let to Sairui Health Centre which has a usable retail space (with shop frontage) of approx 43sqm (460sq ft) same tenant in situ since 2007
The first floor comprises a self- contained flat sold off on a long lease with an annual ground rent payable.
The property is located c.0.3 miles to the west of Burnt Oak Underground Station (Northern Line, Zone 4).
The retail unit has a passing rent of £15,000pa which commenced March 2018 on a new 10 year FRI lease.
The is also further development potential at the rear for either commercial or residential use subject to planning permission.
Opportunity to purchase a freehold property subject to the existing tenancy.
Total space of approx 85sq M (just over 900sq ft) divided into 2 units.
To the rear is a second rentable ground floor building, currently used by the freeholder for storage but will be sold with vacant possession. Its a large secure lock up unit that could possibly be converted to office/retail space or form part of the main shop. It has access from the rear service road and internally from the retail unit. The storage area has an additional space of approx 42sq M (450 sq ft).
We understand that the estimated rentable value for this vacant unit is approx £9000p.a.
Please note the Upper residential unit has been sold off on a long leasehold of 125 years from March 1987 with a ground rent payable to the freeholder of £50 rising to £225.
For Sale by Auction at 12pm on 11th April 2018 https://auctionhouselondon.co.uk/lot/?lotID=69188
Viewings Dates & Times to follow - please contact Auction House London on 0207 625 9007
12PM ON THE 11TH APRIL 2018LONDON MARRIOTT HOTEL REGENTS PARK, 128 KING HENRY'S RD, LONDON NW3 3ST