A freehold ground floor commercial property for sale with upper parts sold off on long leases. The property benefits from a prime location opposite to Tesco Superstore and a short distance to Finchley central underground.
The commercial unit is leased to a mobile phone shop. It has an annual rental income of £32,000 pa. A new 10 years FRI lease on a 5 yearly rent review was granted in 2021. 52a & 52b are residential flats above the commercial units. Flat 52a is on 125 years lease. Ground rent receivable is £75.00 pa. Flat 52b is in a new 215 years lease from 30/08/1985 paying pepper corn ground rent.
The shop measures in the region of 101.5m2 (1092sqft). Location: Within easy access of major road networks, such as the A1000, A406 North Circular and A1. Serviced by a range of bus routes and within easy access to East Finchley, Temple Fortune, Golders Green, Mill Hill, North Finchley and surrounding areas.