Attractive Freehold Bank, Retail & Residential Investment
Attractive Freehold Bank, Retail & Residential Investment
Mill Hill, a popular London suburb is located approximately 10 miles north-west of the Central London. The property is prominently located on the north side of The Broadway, Mill Hill's main shopping destination, less than 200 metres from Mill Hill Broadway Train and Bus Station. Nearby occupiers include M&S Simply Food, Costa, Tesco Express, Iceland and various independent cafes, shops and restaurants.
Freehold.
Mill Hill, a popular London suburb is located approximately 10 miles north-west of the Central London. The property is prominently located on the north side of The Broadway, Mill Hill's main shopping destination, less than 200 metres from Mill Hill Broadway Train and Bus Station. Nearby occupiers include M&S Simply Food, Costa, Tesco Express, Iceland and various independent cafes, shops and restaurants.
Freehold.
The property comprises a bank, retail unit and 3 bedroom flat. The flat is 3 bedrooms and separately accessed from the rear.
VAT is not applicable to this lot.
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.barnet.gov.uk
There will be no internal viewings of the property due to Covid-19.
Six Week Completion
See legal pack at www.acuitus.co.uk
The property comprises a bank, retail unit and 3 bedroom flat. The flat is 3 bedrooms and separately accessed from the rear.
VAT is not applicable to this lot.
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.barnet.gov.uk
There will be no internal viewings of the property due to Covid-19.
Six Week Completion
See legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground | Banking | 150 sq m |
(1,615 sq ft) |
SANTANDER UK PLC (2) (3) |
3 years from 25/12/2020 (1) |
£53,000 | (24/12/2023) (1) (3) |
| Ground First |
Retail Residential |
56 sq m 96 sq m |
(602 sq ft) (1,033 sq ft) - 3 bedrooms |
INDIVIDUAL | 15 years from 13/03/2008 |
£30,925 (4) | (12/03/2023) |
| Total |
302 sq m |
(3,250 sq ft) |
£83,925 | ||||
(1) Tenants option to determine on 25th December 2021 & 25th December 2022
(2) For the year ending 31st December 2019, Santander UK PLC reported a turnover of £7,224,000,000, a pre-tax profit of £1,012,000,000 and shareholders funds of £15,857,000,000 (Source: NorthRow 19/01/2021).
(3) Please note this branch is on Santander's bank closure list announced on 26 March 2021
(4) Rent Deposit held of £15,520
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.
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