For Sale £1,500,000 stc - For Sale, Investments
Freehold Shop & Uppers – INVESTMENT FOR SALE
Situated in heart of Cricklewood on Edgware Road (A5), directly opposite to McDonalds and Crown Moran Hotel.
A ground floor shop together with 4 flats above comprising 2 x 1 bedroom, 1 x 2 bedroom and 1 x studio ( potentially could convert to 1 bed) with benefit of patio/garden. The premises are currently let (except one residential unit) and producing circa £80,840 pa. We understand potential exists to increase income stream as tenants are long standing and some are either holding over or vacant.
UNIT LEASE/AGREEMENT RENT
Ground Floor Shop Original lease renewed for a further 10 year term from 2018, 5 year reviews £20,000pa
Ground Floor Flat AST , Holding Over £13,200pa
First Floor Flat AST, Holding Over £15,600pa
First Floor Flat Vacant ERV £15,600pa
Second Floor Flat AST, Expires April 2019 £16,440pa
TOTAL £80,840pa
Freehold
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