LOCATION
The property is well positioned on Finchley Road in Temple Fortune, with excellent public transport links. Golders Green Underground Station is approximately 0.55 miles away and provides access to the Northern Line, offering convenient connections into Central London. Brent Cross Underground Station is also approximately 0.7 miles away, while numerous bus services operate along Finchley Road, providing further connections throughout North London.
DESCRIPTION
The project includes:
Ground Floor Shop
The property comprises a well-proportioned ground-floor commercial unit extending to approximately 911 sq ft (84.7 sq m), excluding the rear garden. The accommodation provides a spacious main retail area, together with a number of additional rooms, WC facilities and ancillary storage.
£23,500 per annum
Rent commencement – 12 March 2024
Lease term - 15 years
Rent reviews - 11 December 2028 and 11 December 2033
Review basis: open market rent, subject to an upwards-only
Planning & Development Opportunity
The property further benefits from planning consent for the construction of additional accommodation to the rear, comprising a new office extending to approximately 462 sq ft, together with a one-bedroom flat extending to approximately 454 sq ft. This provides an attractive opportunity to enhance the existing property and create additional commercial and residential accommodation, subject to the terms and conditions of the planning consent. Further planning and supporting documentation is available upon request.
ACCOMMODATION
Ground Floor Shop - 84.7 sqm (911 sqft)
Office Building - 42.9 sq m (462 sq ft)
One Bedroom Flat - 42.1 sq m (454 sq ft)
AMENITIES
Investment
Development Opportunity
Freehold Sale
Ground Floor Commercial Shop
TERMS
Freehold Sale
OUTGOINGS
Parties are advised to make their own enquiries with the local authority.
VIEWING
Strictly by appointment through Drivers and Norris.
Tenure: Freehold
*This mortgage calculator is provided for general information purposes only. It's intended to provide you with an estimate of your potential mortgage payments and does not constitute an offer of finance or advice. The calculations are based on the information you provide and do not take into account your individual needs and circumstances.
The calculator does not include all the costs you will need to pay when taking out a mortgage. Your actual mortgage payments may be higher or lower than the estimates provided by this calculator. The interest rates used in the calculations are subject to change and may not reflect the actual rates available in the market.
Please note that the calculator does not consider changes in interest rates over time, early repayment charges, or any other fees and charges that may apply to your mortgage. You should always seek professional advice before making any financial decisions.
Remember, your home may be repossessed if you do not keep up repayments on your mortgage.
| Tax Band | % | Taxable Sum | Tax |
|---|
