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450 Finchley Road, Hampstead, London, NW2 2HY

1,615 Sq Ft / Other

For Sale - £900,000.00

Available - Last updated: 01 July 2024

Summary

This highly impressive mixed-use commercial property on the Finchley Road is set over 4-levels and is fully occupied. Set on a particularly prominent corner location, the property enjoys a superior frontage that has been utilised well by the commercial tenant for over 22 years.

Above this are two residential (C3) dwellings, one having being sold off and currently producing a ground rent of £250 per annum. The other flat has been retained by the seller and is tenanted producing an income of £23,400 per annum. The property is offered as a single investment or as part of a company sale to include two additional freeholds, further details available upon request.


Key Points

  • Exceedingly rare Finchley Road location.
  • Commercial tenant in place for over 22 years.
  • Generating an income of £51,250 per annum.
  • First time to the market for 40 years.
  • Attractive Capital Value at £557/sq ft.
  • Subject to the occupying tenancies.
  • Location

    Located in a strong position on the ever-busy Finchley Road acting as an arterial route towards Marylebone & The West End. Golders Green underground station, Cricklewood Thameslink and a number of bus routes are on the doorstep. Hampstead Heath is also a stones throw away providing one of the paramount locations for outdoor leisure in London.

    Terms

    Title and Tenure: The Freehold Interest is offered for sale subject to the occupying tenancies. Title Number: MX230029.

    Rateable Value: Interested parties are advised to make their own enquiries with the Local Authority (Camden Council).

    Gross Internal Area: Approx. 1615 sq ft.

    Method of Sale: The site will be sold by way of Private Treaty.

    VAT: To be confirmed.

    Viewings: Strictly through joint agents, Winkworth Commercial on 020 7355 0285 and made by prior appointment.

    EPC: Available on request.

    Guide Price: £900,000 subject to contract.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £900,000.00 NA

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    Contact agents

    Chris Ryan

    Winkworth Commercial

    020 3151 9693

    Tom Lewin

    Winkworth Commercial

    020 3151 9686

    Adam Stackhouse

    Winkworth Commercial

    020 3151 9704



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