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160, Finchley Road & Frognal Parade, South Hampstead. NW3 5HD

Commercial Property, Residential in South Hampstead, County of London
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Property Details
Agent Ref No: 717.I.JA
Category: For Sale
Investment
Type: Retail - High Street
Retail - Centre
Residential
Offer Type: Offers in excess of
Price: P.O.A
Rent: Not Applicable
Yield: Not Applicable
Further Property Details
Date Listed: 2008-11-18
Size:
Tenure: Freehold
Min Rental Size: Not Applicable
Property Status:
More Than Business

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Description

INVESTMENT FOR SALE RETAIL PARADE ON FINCHLEY ROAD


Location:

The retail units are located on Finchley Road, one of the main routes into London from the North. It is the route taken by road users who come off the M1. The O2 centre is opposite this parade, boasting multi retailers such as Sainsbury’s, Yo! Sushi, Vue Cinemas and Nando’s among others. This centre attracts a very large footfall. Finchley Road (Metropolitan and Jubilee Lines) station is approximately 200 metres away providing fast, easy access into central London and various bus routes serve Finchley Road.

Accommodation and rent:

The portfolio consists of nineteen retail units, garages and various residential accommodation. All but two of the retail units are currently let out. The residential units are sold off on long under-leases, as is one of the retail units. Please see attached tenancy schedule for further information.

Business Rates:

Interested parties are advised to make their own enquiries as to the exact rates payable for each property.

VAT:

To be Confirmed

Terms:

Available by way of the long leasehold with approximately 87 years to run. One third of the rental value of the commercial element is paid to the freeholder as a ground rent. This is reviewed every 14 years and the next review is in June 2008. The current ground rent is £39,500.

Offers in excess of £1.65 Million

Legal Costs:

Each party is to be responsible for their own cost incurred in the transaction.

Viewing:

Strictly by appointment through Owners Sole Agents
Goodsir Graham

020 7796 3796

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