Fixed price
£620,000
Land for saleFinchley Road, Temple Fortune NW11
Auction
About this property
Finchley Road, Temple Fortune Nw11
Freehold shop & upper part for sale - comprising shop arranged over ground floor and basement trading as a café/restaurant with a duplex self-contained flat arranged over first and second floors accessed via Temple Fortune Lane. The shop has been trading as a café for many years and has been fitted to a good standard with basement, kitchen & WC, seating area on ground floor and raised ground floor area with fold-back frontage. The commercial premises are let on a 16 year lease from 2015 (details below).
The upper part comprises a 3 bedroom flat with kitchen and bathroom at 1st floor level, together with large reception room and the 2nd floor comprising 3 bedrooms. The flat is vacant.
The residential element lends itself (subject to planning) to create two self-contained flats/possible HMO’s.
There is the right to park at the rear.
Area (Shop):
Frontage: 15’9” (4.80m) }
Internal width: 15’6” (4.73m) } 480.48sq ft (44.63 m2)
Shop depth: 30’8” (9.38m) }
Ancillary retail (mezzanine:) 12’10” x 9’11” (3.91m x 3.03m)
Basement storage/office: 15’10” x 9’11” (4.83m x 3.03m)
Kitchen area + WC
Total shop area 752 sq ft (69.86 sq m)
Tenure:
The property is held freehold
Commercial Tenancy:
Let on a full repairing and insuring lease from 4th June 2015 for a term of 16 years with 4 yearly rent reviews at £23,500 pa. The rent review of June 2023 is outstanding - not actioned. A rent deposit of £17,250 is held for the term of the lease.
Terms: Offers based on £620,000 sought
Freehold shop & upper part for sale - comprising shop arranged over ground floor and basement trading as a café/restaurant with a duplex self-contained flat arranged over first and second floors accessed via Temple Fortune Lane. The shop has been trading as a café for many years and has been fitted to a good standard with basement, kitchen & WC, seating area on ground floor and raised ground floor area with fold-back frontage. The commercial premises are let on a 16 year lease from 2015 (details below).
The upper part comprises a 3 bedroom flat with kitchen and bathroom at 1st floor level, together with large reception room and the 2nd floor comprising 3 bedrooms. The flat is vacant.
The residential element lends itself (subject to planning) to create two self-contained flats/possible HMO’s.
There is the right to park at the rear.
Area (Shop):
Frontage: 15’9” (4.80m) }
Internal width: 15’6” (4.73m) } 480.48sq ft (44.63 m2)
Shop depth: 30’8” (9.38m) }
Ancillary retail (mezzanine:) 12’10” x 9’11” (3.91m x 3.03m)
Basement storage/office: 15’10” x 9’11” (4.83m x 3.03m)
Kitchen area + WC
Total shop area 752 sq ft (69.86 sq m)
Tenure:
The property is held freehold
Commercial Tenancy:
Let on a full repairing and insuring lease from 4th June 2015 for a term of 16 years with 4 yearly rent reviews at £23,500 pa. The rent review of June 2023 is outstanding - not actioned. A rent deposit of £17,250 is held for the term of the lease.
Terms: Offers based on £620,000 sought
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