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The property comprises a rarely available mixed use investment benefitting from a prominent pitch fronting a high footfall street.
Arranged as a ground floor retail unit with a separately accessed three bedroom flat to the upper parts, the property is currently part-let and producing £23,500 per annum.
The ground floor is let to a cafe on a 16 year lease expiring 03.06.2031 and paying £23,500 per annum. We understand a rent deposit of £17,250 is held. The lease benefits from reviews every four years with the 2023 review currently outstanding, offering immediate asset management potential via improvement of the rent.
The upper parts comprise a three bedroom flat offered with vacant possession, offering immediate asset management potential via letting.
The upper parts may also be suitable to conversion to provide multiple units, subject to obtaining any requisite consents.
The property benefits from a prominent frontage to Finchley Road, an high footfall arterial route connecting the centres of Finchley and Golders Green. The surrounding area comprises similar mixed uses with a number of independent retailers.
Tenure
Freehold
Rent