Property 4037648

Neasden Lane, London.

£950,000

Property Descriptions

The shop is currently let on a lease expiring 2023 with a rent review in 2018, and the shop is currently let at £30,000 per annum exclusive on a full repair and insuring basis.
There is a 2 bedroom apartment on the first floor accessed from an external staircase to the rear of the property comprising 2 bedrooms, lounge, kitchen and bathroom and there is another apartment to the second floor, comprising the same accommodation.
The two flats are currently let on assured shorthold tenancies at a rent of £1,200 pcm each and we understand from the vendor that vacant possession of these flats can be obtained, and the anticipated rent for new tenancies would be in the region of £1,400 pcm.
The property is currently producing an annual income of £58,800 and the freehold is offered for sale of the entire building subject to the tenancies.  
A rare opportunity to purchase a freehold shop and upper part located in the centre of Neasden among multiples such as Tesco, Costa coffee and Santander bank and well positioned for local transport facilities.
The premises comprise: ground floor lock up shop, currently let to Jennings Bookmakers. The shop is presented in a very good condition and comprises some 900 sq ft of internal space with cashier’s office to rear and an additional 500 sq ft made up of lobby and his/hers rest rooms.
The shop has a rear access to a service road with gated parking for at least one vehicle.