Mill Lane, West Hampstead, NW6 1NL
446 Sq Ft
£295,000
Property Summary
FREEHOLD INVESTMENT FOR SALE
Mill Lane, West Hampstead, NW6 1NL
Comprises the freehold of an attractive shop and upperpart in this well - known location. The shop occupies approximately 252 sq ft (23.41 m2) on the ground floor, with an additional garden floor of approximately 195 sq ft (18.12 m2) giving a total floor area of 41.43 m2 (446 sq ft.) To the rear of the shop is an open yard/garden area.The upperpart comprises a 2 bedroom flat on two floors, which is to be occupied on a long lease at a peppercorn rent.
The shop is let to an established beauty clinic on a renewable lease from November 2016, for a term of 8 years, with a rent review at the end of the 4th year of the term, on full repairing and insuring terms. The current rent is £17,000 p.a.x.
The upperparts are to be let on a long leasehold basis at a peppercorn rent.
Mill Lane, West Hampstead, NW6 1NL
Comprises the freehold of an attractive shop and upperpart in this well - known location. The shop occupies approximately 252 sq ft (23.41 m2) on the ground floor, with an additional garden floor of approximately 195 sq ft (18.12 m2) giving a total floor area of 41.43 m2 (446 sq ft.) To the rear of the shop is an open yard/garden area.The upperpart comprises a 2 bedroom flat on two floors, which is to be occupied on a long lease at a peppercorn rent.
The shop is let to an established beauty clinic on a renewable lease from November 2016, for a term of 8 years, with a rent review at the end of the 4th year of the term, on full repairing and insuring terms. The current rent is £17,000 p.a.x.
The upperparts are to be let on a long leasehold basis at a peppercorn rent.