9 Church Ln
London N2 8DX
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Heavy daytime footfall
- Short walk to East Finchley Underground Station
- Great local amenities
EXECUTIVE SUMMARY
The ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates. Expiring 19th December 2033. The lease is contracted outside the Landlord and Tenant Act 1954.
Rent review 20th December 2027 and 4 yearly thereafter.
There is a mutual break clause effective from 20th December 2027 subject to either party giving 6 months prior written notice.
The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a monthy rent of £1,575
TOTAL INCOME: £44,700 per annum
Rent review 20th December 2027 and 4 yearly thereafter.
There is a mutual break clause effective from 20th December 2027 subject to either party giving 6 months prior written notice.
The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a monthy rent of £1,575
TOTAL INCOME: £44,700 per annum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,606 SF
Building Class
B
Year Built
1969
Price
£675,000
Price Per SF
£420.30
Net Initial Yield
3.82%
NOI
£25,800
Tenancy
Single
Number of Floors
2
AMENITIES
- Security System
- Roller Shutters
- Storage Space
