143 to 145 The Broadway Mill Hill London NW7 4RN

143 to 145 The Broadway
Mill Hill
London
NW7 4RN

Freehold London Restaurant and Residential Investment

Entirely Let to Sun GE Limited (t/a The Good Earth)
Tenant in Occupation Since 1981
The Good Earth Trades from 7 Affluent London Locations and Surrey
Comprises Restaurant and 2 flats.
First Time on the Market for Nearly 50 Years
Nearby Occupiers Include GAIL's Bakery, Pizza Express, Prezzo, Londis and Boots
VAT-Free Investment

Lot
8
Auction
9th July 2024
Rent
£115,000 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold London Restaurant and Residential Investment

Entirely Let to Sun GE Limited (t/a The Good Earth)
Tenant in Occupation Since 1981
The Good Earth Trades from 7 Affluent London Locations and Surrey
Comprises Restaurant and 2 flats.
First Time on the Market for Nearly 50 Years
Nearby Occupiers Include GAIL's Bakery, Pizza Express, Prezzo, Londis and Boots
VAT-Free Investment

Lot 8
Auction 9th July 2024
Rent £115,000 per Annum Exclusive
Status Sold Prior
Price
Sector
Restaurant
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles north-west of Central London, 3 miles north of the north circular, 5 miles south of the M25
Roads: A1, M1, M25
Rail: Mill Hill Broadway (Thameslink)
Air: London Luton, London Heathrow

Situation

Mill Hill, a popular and affluent North London suburb, is located approximately 10 miles north-west of Central London. The property is prominently situated on The Broadway, Mill Hill's main shopping destination, just off the junction with Mill Hill Circus Roundabout. Nearby occupiers include GAIL's Bakery, Pizza Express, Prezzo, Londis, Boots and an eclectic mix of local retailers.

Tenure

Freehold.

Location

Miles: 10 miles north-west of Central London, 3 miles north of the north circular, 5 miles south of the M25
Roads: A1, M1, M25
Rail: Mill Hill Broadway (Thameslink)
Air: London Luton, London Heathrow

Situation

Tenure

Freehold.

Description

The property comprises a restaurant on the ground and first floors and 2 x Three Bedroom self-contained residential flats on the second floor. The property also benefits from approximately 8 car parking spaces to the rear.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

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 First Second (Flat 16 Clarence Court) Second (Flat 18 Clarence Court)	Restaurant Ancillary 3 Bedroom Flat 3 Bedroom Flat	127.60 (1) 142.50 (1) 56.70 (2) 64.10 (2)	(1,373) (1,534) (610) (690)	SUN GE LIMITED (CRN: 00906175) (t/a The Good Earth) (3)	20 years from 01/11/2006	£115,000	31/10/2026
Total Approximate Floor Area		390.90	(4,207)			£115,000

(1) The floor areas stated above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/12281001000)
(2) The residential floor areas have been measured on an Gross Internal Area (GIA) basis
(3) The Good Earth is a popular chain of Chinese restaurants with sites in Esher, Wandsworth, Knightsbridge, Mill Hill, Swiss Cottage, Battersea, Richmond and Wimbledon (www.goodearthgroup.co.uk)

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.