Retail & Residential Investment, 9 Church Lane, London, N2 8DX

Summary

The ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates. Expiring 19th December 2033. The lease is contracted outside the Landlord and Tenant Act 1954.

Rent review 20th December 2027 and 4 yearly thereafter.

There is a mutual break clause effective from 20th December 2027 subject to either party giving 6 months prior written notice.

The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2026 at a monthy rent of £1,575

TOTAL INCOME: £44,700 per annum

Key Points

• Arranged over ground and first floor
• Freehold
• The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2026 at a rent of £18,900 per annum
• The ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates
• Total income of £44,700 per annum
• Popular East Finchley location

Viewings

Viewings strictly via Dutch & Dutch

Location

Located at 9 Church Lane, N2, this mixed-use freehold building is in a well established gentrified suburb of North London in the shape of its excellent schools, streets of period houses, independent shops, cafes and restaurants and great transport links.
East Finchley Station on the Northern Line allowing quick and easy access into Central London.

Terms

Freehold with tenancy information available on request.