Busy and attractive building adjacent to Finchley Road underground station
Located off of Finchley Road in Hampstead
VAT free investment
Neighbouring occupiers include, Pret a Manger, Tortilla, Subway, Waitrose and the O2 shopping and entertainment centre
Lot 17
Auction 13th February 2025
Rent £25,250 per Annum Exclusive
Status Available
Guide* £320,000 - £350,000
Sector Retail, High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north-west of Regent’s Park, 3 miles north-west of the West End of London
Roads
A41, A406, M1, A1
Rail
Finchley Road, West Hampstead and Kilburn Underground Stations and West Hampstead Thameslink
Air
London Heathrow Airport
Situation
Canfield Gardens is situated on the west side of the very busy Finchley Road (A41), between Finchley Road underground station and a large Waitrose. The property is situated on the north side of Canfield Gardens, between its junctions with Canfield Place and Broadhurst Gardens. Neighbouring occupiers include, Pret a Manger, Tortilla, Subway, Waitrose and the O2 shopping and entertainment centre
Tenure
Long Leasehold. Held from the London Borough of Camden for a term of 125 years from 16/07/1981 at a current rent reserved of £400 per annum exclusive.
Location
Miles
2 miles north-west of Regent’s Park, 3 miles north-west of the West End of London
Roads
A41, A406, M1, A1
Rail
Finchley Road, West Hampstead and Kilburn Underground Stations and West Hampstead Thameslink
Air
London Heathrow Airport
Situation
Canfield Gardens is situated on the west side of the very busy Finchley Road (A41), between Finchley Road underground station and a large Waitrose. The property is situated on the north side of Canfield Gardens, between its junctions with Canfield Place and Broadhurst Gardens. Neighbouring occupiers include, Pret a Manger, Tortilla, Subway, Waitrose and the O2 shopping and entertainment centre
Tenure
Long Leasehold. Held from the London Borough of Camden for a term of 125 years from 16/07/1981 at a current rent reserved of £400 per annum exclusive.
Description
The property comprises a ground floor lock up shop which forms part of a larger building and includes three other retail units and nine flats. The flats have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
6 weeks
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor lock up shop which forms part of a larger building and includes three other retail units and nine flats. The flats have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Completion Period
6 weeks
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
4
Ground
Retail
68.20
(734)
LOFT COFFEE COMPANY LIMITED (CRN: 08222023)
84 years from 29/11/2022
£100
(13/07/2106)
6
Ground
Retail
52.80
(568)
CAMURE LIMITED t/a Dry Cleaners
120 years from 29/09/1982
£150
(28/09/2102)
8
Ground
Retail
26.20
(282)
INDIVIDUAL t/a Barbers
20 years from 17/04/2017
£25,000
2027 and 5 yearly
8A
Ground Mezzanine
Retail
26.67 25.10
(287) (270)
INDIVIDUAL t/a Parkheath Estate Agents
99 years from 25/03/1998
Peppercorn
(24/03/2097)
Flat A Flat B,C,D Flat E (1,2&3)
Second Third First
7 x Residential flats
INDIVIDUALS
6 individual leases expiring 28/09/2192 (1)
Peppercorn
(28/09/2192)
Flat 5 Flat 6
Second
2 x Residential flats
INDIVIDUAL
2 individual leases expiring 2106 to be granted from completion of the sale
Peppercorn
Total approximate commercial floor area
198.70 (2)
(2141)(2)
£25,250
(1) Flat E (1,2 & 3) are let until 02/08/2102 (2) The floor areas stated above are those published bt the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/back-to-list-valuations .
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.
