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362-364 Ballards Ln 1,173 sq ft Retail Unit Offered at £399,500 in London N12 0EE
Investment Highlights
- Prominent town centre location
- Other shops nearby include; Aldi, Waitrose and numerous independent retail outlets, coffee shops & restaurants
- Good public transport links
Executive Summary
264 Ballards Lane in North Finchley comprises a 3 storey property with a ground floor retail space and two subsequent floors of residential units above. The proximate area is well served by local bus services, with direct adjacency to the Tally Ho Bus Station (Northern traffic flow side) and surrounded by several other retail spaces, such as, Aldi, Waitrose and other independent outlets.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 5.78% |
| Sale Type | Investment |
| Net Initial Yield | 5.78% |
| Tenure | Freehold |
Description
The restaurant unit, with rental income, comprises a dining area, a fitted kitchen, demised WCs and also a walk-in chiller.
CEPC Rating: B
CEPC Rating: B
Sale Notes
This is currently let and income producing with the opportunity to have vacant possession on completion.
Lease:
Currently sublet on a 25 Year lease Passing rent is £24,000 PAX
Lease:
Currently sublet on a 25 Year lease Passing rent is £24,000 PAX
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 364 | 1,173 sq ft | Retail | £399,500 (£340.58/sq ft) | £23,107.50 |
Unit 364
| Unit Size |
| 1,173 sq ft |
| Unit Use |
| Retail |
| Price |
| £399,500 (£340.58/sq ft) |
| NOI |
| £23,107.50 |
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Unit 364
| Unit Size | 1,173 sq ft |
| Unit Use | Retail |
| Price | £399,500 (£340.58/sq ft) |
| NOI | £23,107.50 |
| Sale Type | Investment |
| Net Initial Yield | 5.78% |
| Tenure | Freehold |
| Description | |
| The restaurant unit, with rental income, comprises a dining area, a fitted kitchen, demised WCs and also a walk-in chiller.<br> <br> CEPC Rating: B</li></ul> | |
| Sale Notes | |
| This is currently let and income producing with the opportunity to have vacant possession on completion.<br> <br> Lease:<br> Currently sublet on a 25 Year lease Passing rent is £24,000 PAX</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 3,150 sq ft | Floors | 5 |
| Property Type | Retail (Unit) | Typical Floor Size | 717 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1961 |
| Costar Property Class | B | Total Plot Size | 0.05 ac |
| Total Property Size | 3,150 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 5 |
| Typical Floor Size | 717 sq ft |
| Year Built | 1961 |
| Total Plot Size | 0.05 ac |
Amenities
- Courtyard
- Restaurant
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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362-364 Ballards Ln
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