Skip to main content

No longer on the market

This property is no longer on the market

1 jpg
2 jpg
3 jpg
4 jpg
5 jpg
6 jpg
7 jpg
8 jpg
12 jpg
Site plan jpg

Retail property (high street)

Retail property (high street)
Added > 14 days

Features and description

  • Freehold retail/ground rent investment let to a National Charity 
  • New 10 year lease renewal (subject to break option)
  • Strong trading position in a popular north-west London suburb
  • Currently producing £30,100 per annum
  • On the instructions of the Joint Liquidators
  • Online Auction on Wednesday, 16 December 2020

A mid terraced building of traditional construction beneath a pitched roof. The building is arranged as a retail unit over ground floor and basement totalling approximately 103.10 sq m (1,108 sq ft) with delivery access from the rear. The first and second floors provide a self contained, split level three bedroom maisonette, which is accessed from the rear of the property (sold off on a long lease - please refer to the legal pack).


Location:

West Hampstead is a popular north-west London suburb lying about 3.5 miles north west of central London. It is accessed via A41 (Finchley Road) and B510, of which West End Lane forms part. The area is well served by public transport links with three stations including West Hampstead Thameslink station providing direct links to central London via Thameslink; West Hampstead tube station (jubilee Line) and Finchley Road tube station (Jubilee and Metropolitan Lines). In addition numerous bus routes serve the area.

West End Lane is the main shopping thoroughfare serving the area. The property forms part of an established retail parade on the east side of the road to the north of it's junction with Inglewood Road. Nearby occupiers include Barclays, Nandos, Sainsbury's Local, Waitrose and Oxfam.


Tenancy:

The tenant operates numerous stores throughout the UK and for the year ending 31/03/2019 reported a turnover of £46.59 million, a net income of £10.88 million and net assets of £57,166 (source: Charity Commission).


Online Auction on Wednesday, 16 December 2020. For further information, such as legal documents and property information, please visit bidx1.com.
Visit agent website

Area statistics

Crime score
High crime
10/10

About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
... Show more

See more properties like this

*Disclaimer and call rate information...