Freehold Funeral Directors and Residential Investment
Shop let To Funeral Partners Limited on a new 15 year lease until 2035
No Breaks
Includes a 4 room Maisonette offered with Vacant possession
VAT free investment
Popular and Busy North west London location
Lot 20
Auction 21st May 2020
Rent £24,000 per Annum Exclusive
Status Sold
Price £645,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 Miles North West of Londons West End
1.5 mile West of Edgware
1.5 miles east of Harrow Town Centre
3 miles north of Wembley
Roads
A4140, A406 North Circular Road, M1, M25
Rail
Queens Underground Station (Jubilee Line)
Air
London Heathrow, London Luton, London Stansted
Situation
The property is prominently situated on the north side of Streatfield road in a busy commercial neighbourhood with major occupiers including Londis, William Hill, Betfred, Haart Estate Agents and an eclectic mix of local commercial occupiers.
Tenure
Freehold.
Location
Miles
8 Miles North West of Londons West End
1.5 mile West of Edgware
1.5 miles east of Harrow Town Centre
3 miles north of Wembley
Roads
A4140, A406 North Circular Road, M1, M25
Rail
Queens Underground Station (Jubilee Line)
Air
London Heathrow, London Luton, London Stansted
Situation
The property is prominently situated on the north side of Streatfield road in a busy commercial neighbourhood with major occupiers including Londis, William Hill, Betfred, Haart Estate Agents and an eclectic mix of local commercial occupiers.
Tenure
Freehold.
Description
The property comprises an attractive mid terrace mixed use building comprising Retail accommodation on the ground floor and a self-contained 4 room maisonette on the first and second floors. The property benefits from a rear yard with car parking. The maisonette has a separate entrance from the rear and he retail unit also benefits from rear access. The maisonette may be suitable to be converted to two flats, subject to consents.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
available from the legal pack at acuitus.co.uk
Description
The property comprises an attractive mid terrace mixed use building comprising Retail accommodation on the ground floor and a self-contained 4 room maisonette on the first and second floors. The property benefits from a rear yard with car parking. The maisonette has a separate entrance from the rear and he retail unit also benefits from rear access. The maisonette may be suitable to be converted to two flats, subject to consents.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Retail
70.50 sq m
(759 sq ft)
FUNERAL PARTNERS LIMITED (1)
15 years from completion
£24,000
2025 and 5 yearly
First and Second
Residential
4 room maisonette
VACANT POSSESSION
Total
70.50 sq m
(759 sq ft)
£24,000
(1) For the year ending 30th September 2018, Funeral Partners Limited reported a Turnover of £40,250,000, pre tax profits of £4,196,000 and a Shareholder funds of £29,396,000 (Source:Experian Smartsearch 28/04/2020). (2) The lease provides for a fixed increase in the rent to £26,000 p.a.x. on the 5th anniversary of the term.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
-128x72.jpg)
-128x72.jpg)
-128x72.jpg)
-128x72.jpg)
-128x72.jpg)
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}
.jpg){kind=link}