Reversionary Freehold Restaurant and Residential Ground Rent Investment
Popular North West London suburb
Highly reversionary in approximately 15 years
Includes three bedroom maisonette
Neighbouring occupiers include KFC, Boots, William Hill, Domino’s Pizza, Nisa and Costa
Lot 34
Auction 11th July 2018
Rent £115 per Annum Exclusive
Status Sold
Price £337,000
Sector Ground Rent
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Situation
Northwood Hills is a popular and affluent North West London suburb located approximately 15 miles from Central London. The property is prominently located on the east side of Joel Street, 170 metres from Northwood Hills Underground Station (Metropolitan Line) and 35 metres from the junction with Pinner Road (A404). Neighbouring occupiers include KFC, Boots, William Hill, Domino’s Pizza, Nisa and Costa.
Tenure
Freehold.
Situation
Northwood Hills is a popular and affluent North West London suburb located approximately 15 miles from Central London. The property is prominently located on the east side of Joel Street, 170 metres from Northwood Hills Underground Station (Metropolitan Line) and 35 metres from the junction with Pinner Road (A404). Neighbouring occupiers include KFC, Boots, William Hill, Domino’s Pizza, Nisa and Costa.
Tenure
Freehold.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor restaurant accommodation with a self-contained three bedroom maisonette on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground Part First
Restaurant Ancillary
145.20 sq m 15.7 sq m
(1,563 sq ft (169 sq ft) )
K F TU MAN ON LUNG t/a Mandarin
99 years from 29/9/1934 on a full repairing and insuring lease
