450 Finchley Road, Hampstead, London, NW2 2HY
1,615 Sq Ft / Other
For Sale
- £900,000.00
Available - Last updated: 25 June 2024
Summary
This highly impressive mixed-use commercial property on the Finchley Road is set over 4-levels and is fully occupied. Set on a particularly prominent corner location, the property enjoys a superior frontage that has been utilised well by the commercial tenant for over 22 years.
Above this are two residential (C3) dwellings, one having being sold off and currently producing a ground rent of £250 per annum. The other flat has been retained by the seller and is tenanted producing an income of £23,400 per annum. The property is offered as a single investment or as part of a company sale to include two additional freeholds, further details available upon request.
Key Points
Exceedingly rare Finchley Road location.Commercial tenant in place for over 22 years.Generating an income of £51,250 per annum.First time to the market for 40 years.Attractive Capital Value at £557/sq ft.Subject to the occupying tenancies.Location
Located in a strong position on the ever-busy Finchley Road acting as an arterial route towards Marylebone & The West End. Golders Green underground station, Cricklewood Thameslink and a number of bus routes are on the doorstep. Hampstead Heath is also a stones throw away providing one of the paramount locations for outdoor leisure in London.Terms
Title and Tenure: The Freehold Interest is offered for sale subject to the occupying tenancies. Title Number: MX230029.
Rateable Value: Interested parties are advised to make their own enquiries with the Local Authority (Camden Council).
Gross Internal Area: Approx. 1615 sq ft.
Method of Sale: The site will be sold by way of Private Treaty.
VAT: To be confirmed.
Viewings: Strictly through joint agents, Winkworth Commercial on 020 7355 0285 and made by prior appointment.
EPC: Available on request.
Guide Price: £900,000 subject to contract.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£900,000.00
| NA |
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