164 Ballards Lane, Finchley, N3 2PA
FREEHOLD COMMERCIAL INVESTMENT
Monday, 25th March 2019 11:00am
By Order of LPA Receivers Avison Young
A two storey terraced property with a single storey rear extension within a retail parade comprising a mix of local traders, offices and various food retailers. Arranged as a ground floor shop and bakery with a self contained first floor comprising a food preparation area and studio flat. Located on the east side of Ballards Lane approximately 100m north of its junction with Long Lane and ½ mile north of Finchley Central underground station. To the rear of the property is a service road accessed via The Ridgeway.
First Floor: Studio Flat (not inspected)
Food preparation area 225 sq ft (21 sq m)
Retail Area: 710 sq ft (65.9 sq m)
Rear Bakery: 310 sq ft (28.8 sq m)
The entire property is subject to a lease for a term of 15 years from December 2006 at a current rent of £30,000 p.a. paid monthly.
EQUIVALENT TO £30,000 p.a.