Finchley Road, Childs Hill, London, NW2 2HY

800,000 Freehold

Finchley Road, Childs Hill, London, NW2 2HY

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Floorplans

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Floorplan of Finchley Road, Childs Hill, London, NW2 2HY
  • FREEHOLD INVESTMENT
  • 1st FLOOR NEW 2 BED FLAT ON AST
  • LARGE SHOP & BASEMENT ON LONG LEASE
  • TOP FLOOR SOLD IN 2019 ON NEW 125 LEASE

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Description

The property is situated over 3 floors and comprises a ground floor shop and basement and 2 flats on the 1st and 2nd floors of this corner plot. The property is located on the corner of the Finchley Road and Hermitage Lane.

INVESTMENT DETAILS:- The drycleaner shop (Crystaline) on a 12 year lease from December 2013 to December 2025 with upward rent reviews every 3 years with the current rent being 24,600 PA. Tenant responsible for 60% insurance premium. Shop tenant responsible for his own building insurance costs and repairs to shop and basement plus 50% common parts.

Location

FLATS:
- A, The newly converted 1st floor flat (614sqft) comprises 2 bedrooms tenanted on an AST with an income of 20,020 PA until August 2020-Ground rent 250 PA, Service charges - 29%
- B, The new top floor has recently been sold on a 125 lease, 460sqft. Ground rent 250 PA Service charges - 21% of the total charges of the building

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Additional Information

For more details please call us on 020 8458 8044 or send an email to nelhams@dircon.co.uk.