SHOP INVESTMENT - FREEHOLD FOR SALE
Location
The property forms part of a neighbourhood retail centre at the roundabout junction of Osidge Lane, Brookside South and Hampden Way.
The shop is situated in a densely residential and affluent North London Suburb with nearby multiples including Tesco Express, Dominos, William Hill and Pizza Hut.
Accommodation
Comprises a lock up shop affording approximately 500 sq ft.
Terms
TENANCY & INCOME - Let to B Krasniqi, trading as Blin Cafe on a new full repairing lease for a term of 10 years from 27 June 2022, subject to an upward only rent review and a tenant’s option to break upon 6 months prior written notice at the 5th year at a rent of £24,500 per annum exclusive.
A 3 months’ rent deposit is held as security against payment of rent and other covenants of the lease.
The flat above has been sold on a 125 year lease at a peppercorn ground rent.
PRICE - £365,000 for the benefit of the freehold interest subject to the tenancy and income described above, reflecting a net yield of 6.5%, assuming purchasing costs of 3.9%.
EPC - C
LEGAL COSTS - Each party is to be responsible for their own costs incurred.