Retail property (high street)
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.
Area statistics
About this agent











Area stats