119 Cricklewood Broadway NW2 3JG

Cricklewood Broadway, Cricklewood, London NW2 3JG, UK
For Sale £1,600,000 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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Agent Grovelands

  • Office : 020 8731 9777
  • Fax : 020 8731 9773


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