Summary
The property represents an attractive mixed-use investment offering existing income, valuable parking provision and clear future upside, it is well suited to investors and owner-occupiers seeking a prime flexible asset with enduring fundamentals.
The commercial accommodation comprises 14,104 sq ft. Part of the ground floor extending to approximately 2,195 sq ft, is let on a full repairing and insuring lease expiring April 2027, producing a current income of £84,000 per annum. VP may be achievable early by separate negotiation.
The residential element comprises eight self-contained flats. Seven are let on Assured Shorthold Tenancies, producing a combined income of £196,100 per annum. One flat has been sold off on a long lease with approximately 36 years unexpired, offering a clear revisionary interest in due course, or the opportunity to buy back in.
There is a vacant single storey residential building benefiting from additional parking and a private garden, providing further flexibility for letting, owner-occupation, or alternative use subject to the usual consents.
Key Points
Site of 0.86 AcresModern office accommodation totaling 14,104 sq ft (NIA)8 residential units totaling 6,592 sq ft (Sales Area)Range of asset management opportunities including refurbishment, occupation or full redevelopment STPExisting gross rental income £283,250 per annum with ERV of £753,494 per annum41 Car Parking spacesViewings
By appointment with either of the joint selling agents:
David Matthews (Dutch & Dutch) 07956 661 987 or
Mark Phillips (Edward Charles) 07768 857 003
Location
Prominently located on Finchley Road, the property benefits from excellent transport connections including Finchley Road Underground Station (Jubilee and Metropolitan lines) and Finchley Road and Frognal Overground station (Mildmay line), West Hampstead’s Underground, Overground and Thameslink services, multiple bus routes and exceptional on-site parking.
Terms
Offers are invited for the Freehold and Long Leasehold interests.