No longer on the market
This property is no longer on the market
Floorplan
Map
Area statsShop
Under offer
Shop
Features and description
- Investment Opportunity 10% Return
- Uses: E & F1 Class Shop & Mosque
- £83,000 Per Annum
- Great Location and Public Transport
- Service Charge: Approx. £6,800 per year. Rates: Payable, approx. £2,200 per year.
A FREEHOLD investment and development opportunity for sale in Harlesden, North West London. The property generating an annual income of £83,000 per annum, with commercial uses E & F1 Class. Shop / restaurant (use class E) fronting the High Street with place of worship to the rear (use class F1).
Location:
The property is situated in the North West London area of Harlesden, a densely populated suburb surrounded by local shops and amenities on High Street and Askew Road.
Property:
A semi-detached freehold building, built circa 1930, comprising:
* Ground floor retail unit to the front, currently trading as a Brazilian butcher, grocer, 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 a pitched roof, currently used as a mosque.
Leases & Income:
* Shop: 8-year internal repair and insuring lease from 30/01/2023, with 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 a long lease, 999 years from 2003, with a peppercorn ground rent.
TOTAL: net income £83,000 per annum, offering a yield in excess of 10%.
Tenure: Freehold
Location:
The property is situated in the North West London area of Harlesden, a densely populated suburb surrounded by local shops and amenities on High Street and Askew Road.
Property:
A semi-detached freehold building, built circa 1930, comprising:
* Ground floor retail unit to the front, currently trading as a Brazilian butcher, grocer, 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 a pitched roof, currently used as a mosque.
Leases & Income:
* Shop: 8-year internal repair and insuring lease from 30/01/2023, with 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 a long lease, 999 years from 2003, with a peppercorn ground rent.
TOTAL: net income £83,000 per annum, offering a yield in excess of 10%.
Tenure: Freehold
Property information from this agent
Area statistics
Crime score
High crime
10/10
About this agent
Our aim is to offer an unparalleled service by continually exceeding customer expectations. We represent our company through enthusiasm, congeniality and thorough knowledge of the local area, derived by both working and living in the locality of West London. Why choose us: We strive to offer a supportive, personal and sincere approach, yet above all maintain a highly professional and expert service, altering current perceptions of the typified estate agent. Our aim is to provide a unique, second to none service being reliable, flexible and dynamic. Give our intelligent approach a try. Want a direct point of contact? Speak to Faisal Yousuf on 020 8022 6537.