Retail Long Leasehold Investment For Sale - , 175 Church Lane, Kingsbury London, NW9 8JS

Church Lane, London NW9 8JS, UK

Facilities
  • 24 hr Access
  • Retail Use
Description

Long Leasehold Investment For Sale at 175 Church Lane, Kingsbury, London.
Location ­ NW9 8JS
The subject property is on Church Lane between Kingsbury and Neasden in Northwest London. It occupies an end of terrace position in a parade of neighbourhood serving retail units which hosts takeaways, a Co­op Food, pub and hair salon, with the surrounding area being predominantly residential.
Description
The subject property comprises a single storey terraced retail unit of brick construction and a flat roof. It has the benefit of full height and width window display and there is public pull in parking at the front.
Accommodation
The unit provides the following areas:
Ground floor sales 96.6 sq m 1,040 sq ft
Ancillary 10.8 sq m 116 sq ft
Total 107.4 sq m 1,156 sq ft
Use
We understand that the property has an 'E' type planning use.
EPC
Available on request.
Rates
The rateable value is £23,000. Interested parties are advised to check the rates payable with local authority.
Tenure
The long leasehold is available for purchase which has a term expiring 17 August 2134 at a peppercorn rent.
Tenant
The property is let in its entirety to Bestway National Chemist Limited, trading as Well Pharmacy. The tenant scores a Credit safe rating of 'A:Very Low Risk'.
The lease is contracted outside the 1954 Act, for a term expiring 5th October 2029 subject to tenant breaks in 6th October 2019 and 2024.
The passing rent is £19,000 per annum exclusive, to be reviewed to open market on 6th February 2024.
Price
£250,000 ex VAT reflecting a NIY of 7.5% with normal purchasers costs of 2.59%.
Legal Costs
Each party is responsible for their own legal costs associated with any transaction.
Further Information
Get in touch if you require any further information. The leases can be provided on request.

Area
sq ft
Security Shutters
No
Use
A1 (Retail)
Location
City/Town Centre
For Sale price
££250,000
Location
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