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Retail Development Opportunity, Hendon Waterside, West Hendon Broadway, West Hendon, NW9 7FA

710 to 2,034 Sq Ft / Retail / General Retail

For Sale - £595,000.00

To Let - £38,000.00 per annum

Available - Last updated: 23 August 2019

There are 6 commercial units ranging in size from 710 sq.ft. to 4,564 sq.ft. approx which will be anchored by a letting to a national convenience store.

Flexible Planning Permission has been granted for A1 / A2 / A3 / A4 / A5 and B1 Use Classes.

Controlled pay parking for 65 vehicles approximately will be provided within the estate for general use. The units will be delivered in shell and core ready for tenant’s fit-out, with completion anticipated in June / July 2018.

The development will comprise circa 2,200 homes, an increase in public communal open-space, a new primary school and community centre, improved road access and enhanced pedestrian route to Hendon Train Station.

Location

An exciting large-scale residential-led development of some 32 acres by Barratt Metropolitan LLP located between West Hendon Broadway (A5) and the Welsh Harp Reservoir, forming part of the major regeneration of West Hendon, Colindale and Cricklewood / Brent Cross.

Hendon Train Station (Thameslink) located within approximately 7 minutes walk provides speedy access into Central London (St Pancras International 18 minutes).

The busy intersection at Staples Corner offers excellent road communications to the North Circular Road (A406), A1, A41 and M1 and M25 Motorways.

Accommodation

Block G4, Unit 1 - 1,744 sq ft

Block G4, Unit 2 - 1,658 sq ft

Block G4, Unit 3 - 710 sq ft

Block G4, Unit 4 - 1,442 sq ft

Block H3/H4 Retail Unit 1 - Terms Agreed

Block H3/H4 Retail Unit 2 - 2,034 sq ft

Terms

New full repairing and insuring leases will be granted for a term by arrangement subject to upward only rent reviews at 5 yearly intervals or alternatively a sale of 999 year leases at peppercorn ground rents.

Rent/Price

Block G4, Unit 1 - £38,000 pa, £595,000

Block G4, Unit 2 - £36,000 pa, £565,000

Blcok G4, Unit 3 - £16,000 pa, £255,000

Block G4, Unit 4 - £30,000 pa, £475,000

H3/H4 Retail 1 - Terms Agreed

H3/H4 Retail 2 - £41,000 pa, £645,000

Estate and Service Charge
To be confirmed.

VAT
Vat is applicable on all occupational costs.

Legal Costs
Each party to be responsible for their own legal costs incurred.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Block G4, Unit 1 For Sale Freehold £595,000.00 NA
Block G4, Unit 2 For Sale Freehold £565,000.00 NA
Block G4, Unit 3 For Sale Freehold £255,000.00 NA
Block G4, Unit 4 For Sale Freehold £475,000.00 NA
H3/H4 Retail 2 For Sale Freehold £645,000.00 NA
Block G4, Unit 1 To Let £38,000.00 per annum
Block G4, Unit 2 To Let £36,000.00 per annum
Block G4, Unit 3 To Let £16,000.00 per annum
Block G4, Unit 4 To Let £30,000.00 per annum
H3/H4 Retail 2 To Let £41,000.00 per annum

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Contact agents

Agency Team

Michael Berman & Co

020 3151 2953

Martin Berg

Michael Berman & Co

020 3151 2954



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