Well located retail & residential investment. The rent for the shop has been agreed at £26,600 pax and there is a vacant maisonette above.
Comprises a ground floor shop together with a maisonette on the first floor.
The maisonette, which is approached from the front leads to a hallway suitable for bicycle store and storage. The premises, which requires modernisation, comprises 3 rooms, kitchen bathroom and wc affording an approximate floor area of 580 sq ft and is offered with vacant possession.
Location
The shop is situated close to the junction with Station Road and being close to Mill Hill Broadway Mainline Station. Nearby multiples include Marks & Spencer, WH Smith, Post Office, Bet Fred, Wenzels, Costa Coffee & Boots.
Accommodation
The shop affords the following approximate dimensions:
Frontage - 23’
Internal width - 18’9
Depth - 57’ 1
Ground floor area - 1,070 sq ft approx.
Terms
TENANCY & INCOME - The shop is let to Messrs Collins, Simbler & Konizi trading as HOB Salons Ltd on a FRI lease for a term of 15 years from August 2014 subject to a rent review in April 2024. This has been agreed in principle at £26,600 per annum exclusive.
The 2019 rent review, time not of the essence, was not implemented.
This was HOB Salons first branch and have been trading here since 1977. There are 16 other branches trading as HOB Salons across London and Essex www.hobsalons.com.
TENURE - Freehold for sale subject to the tenancy and income as above and vacant possession of the maisonette.
PRICE - £650,000 subject to contract.
EPC:
Shop: Awaiting
Flat: Awaiting
LEGAL COSTS - Each party to be responsible for their own costs incurred.