1 & 2 Ashbourne Parade NW11 0AD

1,450 Sq Ft
£850,000
  • Type: Investment & Development
  • Availability: For Sale
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Full Details

Location
Ashbourne Mansions sit above Ashbourne Parade, which is an upmarket terrace of mixed use retail and catering units in the heart of Temple Fortune.

Ground Floor
The ground floor comprises two intercommunicating A3 restaurant units which have recently been refurbished to exacting standards. The floor area is approximately 1450 sq ft (135 m2). The restaurant is let for a term of 20 years from January 2018 on a full repairing and insuring lease, at a rental of £50,000 p.a.x. Rent reviews are 5 yearly. The current Freeholder retains a security deposit equivalent to 6 months rent.

Upperpart Accommodation
The accommodation above 2 Ashbourne Parade presently comprises a large 4 bedroom flat let for a term of 990 years at a peppercorn rent.
The accommodation above 1 Ashbourne Parade comprises 2 Flats which have been sold on long leases (125 years from December 1986) each producing a Ground Rental Income of £150.00 per annum.

Price
£850,000 subject to contract for the Freehold interest.

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