Station Road Mill Hill NW7
585 Sq Ft
£269,000
Property Summary
A freehold investment in a highly prominent location in Mill Hill, directly opposite the Thameslink Station & Bus Terminus, thus highly visible to around 2 million passengers entering or leaving the location each year.
The property comprises the freehold of a retail shop and an upperpart which has been sold on a long lease.
Nearby traders include M & S, Coral Bookmakers, Costa Coffee and Wenzel’s Bakery.
The shop occupies approximately 585 sq ft (54 m2) on the ground floor.
The upperpart comprises a flat with access from the rear which is occupied on a long lease (150 years from 23/08/2017) at a peppercorn rent.
The property comprises the freehold of a retail shop and an upperpart which has been sold on a long lease.
Nearby traders include M & S, Coral Bookmakers, Costa Coffee and Wenzel’s Bakery.
The shop occupies approximately 585 sq ft (54 m2) on the ground floor.
The upperpart comprises a flat with access from the rear which is occupied on a long lease (150 years from 23/08/2017) at a peppercorn rent.
Full Details
Income
The shop is let to an established beauty clinic on a renewable lease from 14/05/2021, for a term of 10 years, with a rent review at the end of the 5th year of the term, on full repairing and insuring basis. The current rent is £20,000 p.a.x.