1033 Finchley Rd
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1033 Finchley Rd
669 SF Retail Building London NW11 7ES £350,000 (£523/SF)
Investment Highlights
- End of Terrace Building
- Corner Frontage
- Rear Enclosed Courtyard/Parking
- Affluent Location
- Income Producing
- Within a few Minutes Walk of Golders Green Station
Executive Summary
Freehold Income Producing Retail Investment
The property is an end of terrace three storey building.
The ground floor is leased to a door showroom company, covering a total area of 669 ft2. The property has been let for a term of 5 years from 15/02/2024 on a Full Repairing and Insuring lease, outside the Landlord & Tenant Act. There is a tenant only option to determine the lease on 15/02/2027, providing 6 months prior written notice . The passing rent is £23,000 per annum, payable quarterly in advance. A 6 month rent deposit is held.
The residential flat above, spans the first and second floors and has been sold off on a long leasehold, expiring 23/06/2194. There is a peppercorn ground rent.
The property is an end of terrace three storey building.
The ground floor is leased to a door showroom company, covering a total area of 669 ft2. The property has been let for a term of 5 years from 15/02/2024 on a Full Repairing and Insuring lease, outside the Landlord & Tenant Act. There is a tenant only option to determine the lease on 15/02/2027, providing 6 months prior written notice . The passing rent is £23,000 per annum, payable quarterly in advance. A 6 month rent deposit is held.
The residential flat above, spans the first and second floors and has been sold off on a long leasehold, expiring 23/06/2194. There is a peppercorn ground rent.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
669 SF
Building Class
B
Year Built
1968
Price
£350,000
Price Per SF
£523
Tenancy
Single
Number of Floors
3
Frontage
24 ft on Finchley Road
Amenities
- EPC - C
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Nearby Major Retailers
-
Cormac Sears -
Casey Okin -
Forest Real Estate
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1033 Finchley Rd
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