£45,000
(£61.22/sq. ft)
Retail premises for saleThe Broadway, Mill Hill, London NW7
735 sq. ft
About this property
Location: Mill Hill is a prosperous North London suburb within the London Borough of Barnet. Multiples represented include Marks & Spencer Food Hall, Iceland, Gail’s, Pizza Express, Tesco Express, Wenzel’s, Costa Coffee & Boots.
Accommodation: Comprises two lock up shops together with 2 flats (sold off). The shops afford the following approximate floor areas:
28 the broadway
Ground floor area: 520 sq ft approx.
28A the broadway
Ground floor area: 235 sq ft approx.
Tenancies & incomes
No 28 trades as Hanna Nails and Spa on a Fri lease for a term of 10 years from September 2023 subject to an upward rent review in September 2028 at a current rent of £21,000 per annum exclusive. A rent deposit of £5,250 is being held.
Nb: The tenant has been in occupation since 1982.
No 28A trades as Untouchables Barber on an Fri lease for a term of 15 years from March 2013 subject to an upward only rent review at 3 yearly intervals at a current rent of £9,000 per annum exclusive.
Nb: The March 2025 rent review was not implemented.
The two flats have been sold on long leases, one with an unexpired term of 149 years at a peppercorn rent and the other with 85 years unexpired at a current ground rent of £200 per annum.
Total current income: £30,200 per annum exclusive.
Price: £450,000 subject to contract for the benefit of the Freehold interest with tenancies and income as above.
EPC: 28 The Broadway: D
28A The Broadway: C
legal costs: Each party to be responsible for their own costs incurred.
Accommodation: Comprises two lock up shops together with 2 flats (sold off). The shops afford the following approximate floor areas:
28 the broadway
Ground floor area: 520 sq ft approx.
28A the broadway
Ground floor area: 235 sq ft approx.
Tenancies & incomes
No 28 trades as Hanna Nails and Spa on a Fri lease for a term of 10 years from September 2023 subject to an upward rent review in September 2028 at a current rent of £21,000 per annum exclusive. A rent deposit of £5,250 is being held.
Nb: The tenant has been in occupation since 1982.
No 28A trades as Untouchables Barber on an Fri lease for a term of 15 years from March 2013 subject to an upward only rent review at 3 yearly intervals at a current rent of £9,000 per annum exclusive.
Nb: The March 2025 rent review was not implemented.
The two flats have been sold on long leases, one with an unexpired term of 149 years at a peppercorn rent and the other with 85 years unexpired at a current ground rent of £200 per annum.
Total current income: £30,200 per annum exclusive.
Price: £450,000 subject to contract for the benefit of the Freehold interest with tenancies and income as above.
EPC: 28 The Broadway: D
28A The Broadway: C
legal costs: Each party to be responsible for their own costs incurred.
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Monthly repayment
£225 per month
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