Mid terrace 3 storey building comprising of a lock up shop and a 3 bedroom flat on a primary parade along a slip road parallel to the main Edgware Road (A5) in Colindale. The access to the flat is via the service road at the back.
Further details
Mid terrace 3 storey building comprising of a lock up shop and a 3 bedroom flat on a primary parade along a slip road parallel to the main Edgware Road (A5) in Colindale.
The access to the flat is via the service road at the back. The shop is currently leased on a 20 year lease since 1996 and the flat above the shop is leased on a 125 year lease starting from 1985.
Tenure
* Freehold shop and flat above it
Size
* Shop: 890 square feet
* Flat: 3 bed flat with a single reception, kitchen and bathroom spread on two floors.
Current Rent / Income
* Shop: £12,000 pa
* Flat : £50 pa
Lease Details
* Shop: 20 years from July 1996 with rent reviews once every 5 years.
* Flat: 125 years from March 1985.
Current Usage
* Shop: Chinese Takeaway (A3)
* Flat: Residential Accommodation
Highlights
* Great Investment Opportunity
* Primary Parade Location
* Open Market Rent Achievable: £16,000 (Approx)
* Good Future Prospects
For more information please call
ALPINE at 0208 200 0000