Investment / Development opportunity.
Semi detached freehold building built in circa 1930 comprises Ground floor retail unit to the front currently trading as a Brazilian butchers, grocers and coffee shop with a flat above that has been sold off on a long lease.
Ground floor rectangular single storey building to the rear with pitched roof currently used as a Mosque.
Location
The property is situated in the North West London area of Harlesden a densely populated suburb surrounded by the local shops and amenities of High Street and Askew Road.
Accommodation
Semi detached freehold building.
Terms
Guide Price - £800,000 Freehold
Leases & Income - Shop: 8 year internal repair and insuring lease from 30/01/2023, 4 yearly reviews ‐ Passing rent £28,000 p.a
Mosque: 7 Year lease from 27/12/2019 ‐ Passing rent £55,000 p.a
Upper floors residential: Sold on long lease 999 years from 2003 ‐ Peppercorn ground rent.
Total Rent: £83,000 p.a
Specification
- Investment / development opportunity
- Income producing
- £83,000 per annum
- Commercial uses E & F1 Class
- Shop & Mosque
- Close to Stations