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772 Finchley Rd 752 sq ft Retail Property London NW11 7TH For Sale
Investment Highlights
- Shop arranged over ground floor & basement
- 3 bed flat is vacant
- Trading as a cafe/restaurant on a 16 year lease from 2015
- Could possibly create 2 self-contained flats in residential element (STP)
Executive Summary
Shop arranged over ground floor and basement trading as a café/restaurant with a duplex self-contained flat arranged over first and second floors accessed via Temple Fortune Lane. The shop has been trading as a café for many years and has been fitted to a good standard with basement, kitchen & WC, seating area on ground floor and raised ground floor area with fold-back frontage. The commercial premises are let on a 16 year lease from 2015 (details below).
The upper part comprises a 3 bedroom flat with kitchen and bathroom at 1st floor level, together with large reception room and the 2nd floor comprising 3 bedrooms. The flat is vacant.
The residential element lends itself (subject to planning) to create two self-contained flats/possible HMO’s.
There is the right to park at the rear.
Commercial Tenancy
Let on a full repairing and insuring lease from 4th June 2015 for a term of 16 years with 4 yearly rent reviews at £23,500 pa. The rent review of June 2023 is outstanding — not actioned. A rent deposit of £17,250 is held for the term of the lease.
The upper part comprises a 3 bedroom flat with kitchen and bathroom at 1st floor level, together with large reception room and the 2nd floor comprising 3 bedrooms. The flat is vacant.
The residential element lends itself (subject to planning) to create two self-contained flats/possible HMO’s.
There is the right to park at the rear.
Commercial Tenancy
Let on a full repairing and insuring lease from 4th June 2015 for a term of 16 years with 4 yearly rent reviews at £23,500 pa. The rent review of June 2023 is outstanding — not actioned. A rent deposit of £17,250 is held for the term of the lease.
Property Facts
Sale Type
Investment or Owner Occupier
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
752 sq ft
Costar Property Class
B
Year Built
1960
Tenancy
Single
Number of Floors
3
Plot ratio
0.86
Total Plot Size
0.02 ac
Frontage
13 ft on Finchley Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Piacere Cafe
- Accommodation and Food Services
- -
- -
-
Jan 0000
Local Café Based In North West London, Established in 2008.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Piacere Cafe | Accommodation and Food Services | - | - | Jan 0000 |
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772 Finchley Rd
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