48 The Broadway, Stanmore, Middlesex, HA7 4DU
FREEHOLD COMMERCIAL INVESTMENT PLUS GROUND RENT
Tuesday, 16th July 2019 12:00pm
IN SAME OWNERSHIP FOR OVER 30 YEARS
A mid terrace three storey property comprising a ground floor shop with separate rear access to a self-contained flat on two upper floors. Occupying a prominent trading position on the north side of The Broadway within this popular and affluent north London suburb, adjacent to Medivet and Card Factory, opposite Pizza Express and close to a variety of other multiple retailers including Prezzo, Caffé Nero, Lidl, Savers, Nationwide, Boots Opticians, Wenzel's and Sainsbury's. Stanmore underground station (Jubilee line) is about ¼ mile away. Stanmore lies about 12 miles north west of central London and has good road links via the A41 and M1.
Ground Floor Shop: 626 sq ft (58 sq m) plus WC
Let on a repairing and insuring lease to Sophia Jewellers Ltd for 10 years from 24.05.2011 at £27,500 p.a. This lease was a renewal of a previous 10 year lease.
First & Second Floor Flat (48a): Sold on a 125 year lease from 19.12.2012 at a current ground rent of £100 p.a. rising by £200 every 25 years.
EQUIVALENT TO £27,600 p.a.
- Equivalent £27,600 p.a.
- Popular/Affluent North London Suburb
- Freehold Investment
Phillips Estates Tel: 020 7241 0292 Ref: Ian Aarons