Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is situated on the west side of the busy Cricklewood Broadway (A5) which is the main arterial route to the West End from the north-west. The property is located at the junction with Cricklewood Lane (A407) less than 2 miles from Brent Cross Shopping Centre and the M1 motorway. Neighbouring occupiers include Barclays Bank, Quicksilver, William Hill and Iceland.
Freehold.
The property is situated on the west side of the busy Cricklewood Broadway (A5) which is the main arterial route to the West End from the north-west. The property is located at the junction with Cricklewood Lane (A407) less than 2 miles from Brent Cross Shopping Centre and the M1 motorway. Neighbouring occupiers include Barclays Bank, Quicksilver, William Hill and Iceland.
Freehold.
The property comprises RETAIL ACCOMMODATION on the ground floor with THREE SELF-CONTAINED FLATS on the first and second floors. There is ANCILLARY ACCOMMODATION in the basement
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises RETAIL ACCOMMODATION on the ground floor with THREE SELF-CONTAINED FLATS on the first and second floors. There is ANCILLARY ACCOMMODATION in the basement
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
104.36 sq m 32.76 sq m |
(1,123 sq ft) (353 sq ft) |
M A MUMTAZ (t/a Supersave Households & Western Union Money Transfer) |
15 years from 30/10/2000 | £19,500 | 30/10/2010 (1) |
| First | Flat A - Residential (3 Bedrooms) | 74.24 sq m | (799 sq ft) | INDIVIDUAL | Assured Shorthold Tenancy for 1 year from 01/06/2010 | £18,200 | |
| Second | Flat B - Residential (2 Bedrooms) | 51.78 sq m | (557 sq ft) | INDIVIDUAL | Assured Shorthold Tenancy for 1 year from 01/06/2010 | £14,404 | |
| Second | Flat C - Residential (1 Bedroom) | 36.84 sq m | (392 sq ft) | INDIVIDUAL | Assured Shorthold Tenancy for 1 year from 08/02/2010 | £11,180 | |
| Totals | 299.98 sq m | (3,224 sq ft) | £63,284 | ||||
1) As to the 30th October rent review, the seller has served a rent review notice on the tenant stating a new rent of £25,000 per annum exclusive.
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