LOT 28

48 The Broadway, Stanmore, Middlesex, HA7 4DU

FREEHOLD COMMERCIAL INVESTMENT PLUS GROUND RENT
Guide price: £420,000 - £430,000*

Auction Date

Tuesday, 16th July 2019 12:00pm

IN SAME OWNERSHIP FOR OVER 30 YEARS

Location & Description

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.

Accommodation

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.

Property Features

  • Freehold Investment
  • Popular/Affluent North London Suburb
  • Equivalent £27,600 p.a.

Status

Joint Auctioneer

Ian Aarons

Phillips Estates Tel: 020 7241 0292 Ref: Ian Aarons

* 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.