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2A Coleraine Rd 564 sq ft Retail Property London N8 0QL £165,000 (£292.55/sq ft)
Investment Highlights
- Detached lock-up shop
- Shop let on a FRI lease with tenant holding over at £14,250 pa
- Side forecourt that has been undeveloped
- Potential to agree new lease and rent increase
Executive Summary
Detached lock-up shop with side forecourt that has been undeveloped. The shop is let on a full repairing and insuring lease and trading as a bag retailer which has been in occupation for many years. The current lease expired in 2023 and the tenant is holding over at £14,250 pa. There is potential to agree a new lease and rent increase. Available freehold - offers in excess of £165,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
564 sq ft
Costar Property Class
B
Year Built
1902
Price
£165,000
Price per sq ft
£292.55
Tenancy
Single
Number of Floors
1
Plot ratio
0.65
Total Plot Size
0.02 ac
Frontage
27 ft on Coleraine Road
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 3
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2A Coleraine Rd
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