Property photos
Freehold
£750,000
Retail premises for sale
Craven Park Road, London NW10Local area information
Property location
Nearby amenities
- John Keble CofE Primary School 0.2 miles
- Maple Walk School 0.2 miles
- Harlesden 0.4 miles
- Harlesden 0.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Investment Opportunity 10% Return
- Uses: E & F1 Class Shop & Mosque
- £83,000 Per Annum
- Great Location and Public Transport
Description
A freehold investment and development opportunity for sale in Harlesden, North West London. The property generating an annual income of £83,000 per annum, with commercial uses E & F1 Class. Shop / restaurant (use class E) fronting the High Street with place of worship to the rear (use class F1).
Location:
The property is situated in the North West London area of Harlesden, a densely populated suburb surrounded by local shops and amenities on High Street and Askew Road.
Property:
A semi-detached freehold building, built circa 1930, comprising:
* Ground floor retail unit to the front, currently trading as a Brazilian butcher, grocer, and coffee shop, with a flat above that has been sold off on a long lease.
* Ground floor rectangular single-storey building to the rear with a pitched roof, currently used as a mosque.
Leases & Income:
* Shop: 8-year internal repair and insuring lease from 30/01/2023, with 4-yearly reviews. Passing rent: £28,000 p.a.
* Mosque: 7-year lease from 27/12/2019. Passing rent: £55,000 p.a.
Upper floors residential: Sold on a long lease, 999 years from 2003, with a peppercorn ground rent.
Total: Net income £83,000 per annum, offering a yield in excess of 10%.
Tenure: Freehold
A freehold investment and development opportunity for sale in Harlesden, North West London. The property generating an annual income of £83,000 per annum, with commercial uses E & F1 Class. Shop / restaurant (use class E) fronting the High Street with place of worship to the rear (use class F1).
Location:
The property is situated in the North West London area of Harlesden, a densely populated suburb surrounded by local shops and amenities on High Street and Askew Road.
Property:
A semi-detached freehold building, built circa 1930, comprising:
* Ground floor retail unit to the front, currently trading as a Brazilian butcher, grocer, and coffee shop, with a flat above that has been sold off on a long lease.
* Ground floor rectangular single-storey building to the rear with a pitched roof, currently used as a mosque.
Leases & Income:
* Shop: 8-year internal repair and insuring lease from 30/01/2023, with 4-yearly reviews. Passing rent: £28,000 p.a.
* Mosque: 7-year lease from 27/12/2019. Passing rent: £55,000 p.a.
Upper floors residential: Sold on a long lease, 999 years from 2003, with a peppercorn ground rent.
Total: Net income £83,000 per annum, offering a yield in excess of 10%.
Tenure: Freehold
Floor plans and tours
Floor plans (1)
More information
Listed by
Citydeal Estates
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