Investment Opportunity for sale in Finchley, London N3

Further details

LOCATION:This freehold investment placed centrally on Regents Park Road within close proximity of the North Circular, Finchley Road and A1 Great North Way benefits from ease of access to the surrounding areas such as Hendon, Golders Green, Temple Fortune, Finchley Central, East Finchley and Hampstead. The property further benefits from its proximity to a range of local businesses, Brent Cross shopping centre and the M1.

DESCRIPTION:The ground floor commercial premises benefiting from a frontage of 14 Ft approx, comprises of a net internal area of 46.45 M2 (500 Sq Ft) approx currently trading as a take-away pizza business is purported to be let on a 20 year lease with 4 yearly rent reviews, (commencement date June/July 2005) passing rent £10,000 PAX. The commercial premises also has the advantage of an open plan parking area towards the rear of the unit of 9.45 M (31 Ft) approx 3.89M (12 Ft 9) approx.

Planning permission is purported to be achievable for the extension of the rear addition of the shop to encompass part of this parking area.

Upper Parts

The freehold investment has been granted planning permission for the development of a studio/one bed flat in the existing eaves of the commercial premises and over the flat roof, representing the mid to rear section of the commercial premises.

PURCHASE PRICE:£280,000 ONO

CONDITIONS:Purchaser to be responsible for both parties reasonable legal costs.

VIEWING:Strictly via the owners sole agent Martyn Gerrard Commercial -

David Felman or
Saul Gerrard or
Avion Headley on 020 8444 3445

Martyn Gerrard Commercial for themselves for Lessors, Vendors and their agents, give notice that:-
1.These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2.These details do not constitute any part of an offer or contract.
3.All statements or details contained within these particulars are without any responsibility on any part, to Martyn Gerrard Commercial.
4.All rent prices, fees and charges are quoted exclusive of VAT.
5.Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.