LOT 6

7-8 Central Circus, Hendon, London, NW4 3JS

FREEHOLD COMMERCIAL/RESIDENTIAL INVESTMENT PRODUCING £89,760 P.A.

Result: Please refer to auctioneer for more information Guide price: £1,350,000 PLUS*

Auction Date

Thursday, 16th December 2021 12:00pm

A mid terrace property comprising a ground floor takeaway with separate rear access to six studio flats above. Located at the busy junction with the A41 Hendon Way amongst a variety of multiple retailers including Costa Coffee, NatWest, Paddy Power and Nutffield Health as well as a number of independent retailers and restaurants. Hendon Central underground station (Northern line) is within a short walking distance. Brent Cross shopping centre is about ¾ mile away and Hendon Park is within close proximity.

EQUIVALENT TO £89,760 p.a.

EPC Rating

Ground Floor: D
Upper Part: On application

Note

Auction Surveyors: Steven Cane / Andrew Brown
Contact: 020 8509 4472 / 020 8509 4470 steven.cane@strettons.co.uk / andrew.brown@strettons.co.uk

Status

Please refer to auctioneer for more information

Addendum

In terms of the residential upper part, you will have seen the planning entries referred to in the local search. The residential tenancy schedule is varied as per the tenancies contained within the legal pack, one of the rooms is on third floor and some of the rents are understood to be inclusive. The equivalent rent is £87,600 p.a.

Accommodation

Unit Accommodation Tenancy Rent pcm EPC Rating
Property Floor Accommodation Tenancy Current Rent
Shop Ground Shop Let on a FRI Lease to DP Realty Ltd for 20 years from 29.06.2020. Rent reviews 5 yearly. Tenant's break 10th anniversary of the term (subject to 6 months' notice). £27,000 p.a.
Flat 1 First Studio room including kitchenette, shower room/toilet 6 month AST from 07.09.2020 (holding over) at £800 pcm £9,600 p.a.
Flat 2 First Studio room including kitchenette, shower room/toilet 12 month AST from 10.05.2019 (holding over) at £800 pcm £9,600 p.a.
Flat 3 First Studio room including kitchenette, shower room/toilet 12 month AST from 01.08.2020 (holding over) at £800 pcm £9,600 p.a.
Communal Kitchen Second Floor Landing Kitchen N/A N/A
Flat 5 Second Studio room including kitchenette, shower room/toilet 12 month AST from 07.08.2020 (holding over) at £800 pcm £9,600 p.a.
Flat 6 Second Studio room including kitchenette, shower room/toilet 6 month AST from 15.05.2020 (holding over) at £1,080 pcm £12,960 p.a.
Flat 7 Second Studio room including kitchenette, shower room/toilet 12 month AST from 01.10.2019 (holding over) at £950 pcm £11,400 p.a.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.