FREEHOLD INVESTMENT WITH VACANT FLAT

The ground floor of this property will be let to an A1 covenant on a new 10 year lease, with a tenant only break at Year 6, paying a rent of £50k pa. The first floor is vacant residential accommodation and is not income producing today. The flat has rear access only via a side road. The property comprises the following approximate areas: Tenure Freehold. Guide Price Offers in excess of £875,000. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £33,750.00 and the rates payable are £15,727.50 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Mill Hill is a suburb in North West London, located 11 miles from Central London, with nearby towns including Barnet, Edgware and Harrow. Mill Hill is serviced by the Thameslink train service, with direct links to Kings Cross St Pancras taking less than 30 minutes. The property is located along The Broadway, the main high street in the town, with nearby retailers including Boots, Costa, M&S Simply Food and WH Smith. A retail trading map is on the reverse of these particulars.

Sizes and Measurements

Total Size

2,175sqft

Sales Area

1,248sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,248sqft

Status

Available

Available from

Now

First Floor (Flat)

Details

Non-Sales

Size

927sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease type

Freehold

For sale

£875,000

UBR

48p

Ratable Value

£33,750.00

Business Rates

£16,200/pa

Specification

  • Prominent position on high street
  • Let to A1 covenant (ground floor)
  • Strong local residential demand

Floorplan

LONDON THE BROADWAY MILL HILL 33.GOAD

Photos

LONDON THE BROADWAY 33.PIC

Other properties in this area

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