LEASEHOLD INTEREST

The premises comprise of a ground floor retail banking unit with a rear strong room and staff room. The property has strong frontage onto a busy main road. Tenure The property is held on an existing FRI lease due to expire 01/07/2027 at a passing rent of £26,500 per annum exclusive with break option scheduled for 01/07/2022 and a rent review scheduled 29/09/2021. The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers accepted on the basis of assignment or sub-lease at the passing rent of £26,500 per annum. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £31,250.00 and the rates payable are £15,000.00 pa. The UBR for 2018/2019 is 48p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Colindale, located approximately 9 miles north west of Central London, is to the north of Brent Park and to the south of Edgware. The branch is situated on the A5 Edgware Road close to its junction with Wakemans Hill Avenue in a busy commercial location. National retailers nearby include Lloyds Bank and Paddy Power.

Sizes and Measurements

Total Size

1,101sqft

Sales Area

1,101sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,101sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

01/07/2027

Next Rent Review

29/09/2021

Next Lease Break

01/07/2022

Lease type

Assignment

For rent

£26,500/pa

UBR

48p

Ratable Value

£31,250.00

Business Rates

£15,000/pa

Specification

  • Former Bank premises
  • Planning consent for various uses
  • Flexible lease terms available

Floorplan

COLINDALE GOAD

Photos

COLINDALE EDGWARE ROAD SHOPFRONT

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