Unit 3, 250 Palace Court Finchley Road (A41), Hampstead London NW3 6DN

Unit 3, 250 Palace Court
Finchley Road (A41), Hampstead
London
NW3 6DN

London Retail Investment

Let on a Renewed Lease t/a Eileen Johnston Interiors until 2027
Attractive Ground floor Retail unit
Situated on the Busy Finchley Road (A41)
2.5 miles north of London's West End
Affluent London Location with Excellent Transport Links
Occupational Lease Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954

Lot
3
Auction
16th February 2023
Rent
£19,000 per Annum Exclusive
Status
Sold
Price
£240,000
Auction Venue
Live Streamed Auction

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London Retail Investment

Let on a Renewed Lease t/a Eileen Johnston Interiors until 2027
Attractive Ground floor Retail unit
Situated on the Busy Finchley Road (A41)
2.5 miles north of London's West End
Affluent London Location with Excellent Transport Links
Occupational Lease Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954

Lot 3
Auction 16th February 2023
Rent £19,000 per Annum Exclusive
Status Sold
Price £240,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2.5 Miles north of London's West End, 5 Miles North-West of the City of London
Roads: A41
Rail: West Hampstead Railway Station, Finchley Road Underground and Overground Station, West Hampstead Underground Station
Air: London Heathrow Airport, London City Airport, London Luton AIrport

Situation

The property is located in the affluent north London suburb of Finchley, 3 miles north of London's West End. St Johns Wood, Hampstead, Primrose Hill and Regents Park are all located within close proximity. The property is situated on the East side of the busy Finchley Road (A41) close to its junction with Frognal Lane.

Tenure

Long Leasehold. Held for a term of 150 years from 25th December 1977 until 2127 at a current rent reserved of £30 per annum exclusive.

Location

Miles: 2.5 Miles north of London's West End, 5 Miles North-West of the City of London
Roads: A41
Rail: West Hampstead Railway Station, Finchley Road Underground and Overground Station, West Hampstead Underground Station
Air: London Heathrow Airport, London City Airport, London Luton AIrport

Situation

Tenure

Long Leasehold. Held for a term of 150 years from 25th December 1977 until 2127 at a current rent reserved of £30 per annum exclusive.

Description

The property comprises a ground floor retail shop forming part of a highly desirable apartment building.

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 a ground floor retail shop forming part of a highly desirable apartment building.

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 sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground	Retail	33.75	(363)	EILEEN JOHNSTON t/a Eileen Johnston Interiors (1)	5 years from 01/01/2022 (3)	£19,000	31/01/2026
Total Approximate Floor Area		33.75	(363) (2)			£19,000

(1) The tenant has occupied the property since at least 2017. Eileen Johnson Interiors specializes in bespoke interior design, property refurbishment and project management (www.eileenjohnstoninteriors.com).
(2) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/102840063),
(3) The lease is outside of the security of tenure provisions of the Landlord & Tenant Act 1954.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.