772 Finchley Rd 724 SF 100% Leased Retail Building London NW11 7TH £825,000 (£1,139.50/SF)

Shop arranged over ground floor & basement trading as a café/restaurant with a duplex self-contained flat over 1st & 2nd floors. The shop has been trading as a café for many years and is let on a 16 year FRI lease from 4th June 2015 with 4 yearly rent reviews at £23,500 pa. The rent review of June 2023 is outstanding. The upper part comprises a 3 bedroom flat with kitchen/bathroom at 1st floor level, together with large reception room and 2nd floor comprises 3 bedrooms. The flat is let on an AST at £16,500 pa. In our view this flat is under-rented. The residential element lends itself (subject to planning) to create two self-contained flats. There is the right to park at the rear.