£65,000
(£73.78/sq. ft)
Property for saleFinchley Road NW11
881 sq. ft
Leasehold
About this property
The area around NW11 (including Temple Fortune and Golders Green) is a well-established residential district with good average incomes and professional households. Nearby retail parades historically show strong daytime footfall and affluent demand from locals - good for both retail spending and professional services clients.
Around the shop there’s already a cluster of complementary businesses such as omg Peri Peri (restaurant) and I.C. Partners Hair & Beauty (hair salon), plus furniture stores, accountants and clinics. This mix means the street has existing everyday traffic and spending, which supports both retail trade and service-based businesses.
Location
The location has very good public transport access - Golders Green Underground Station (Northern Line) is within walking distance, and numerous bus routes serve Finchley Road, bringing both local residents and commuters on foot past the premises. This helps both retail footfall and client accessibility for services .Finchley Road itself is a busy arterial road with high traffic flow and a mix of shops, eateries and services lining the street. This creates a steady stream of potential customers and local clientele for whatever business you operate.
Description
The area around NW11 (including Temple Fortune and Golders Green) is a well-established residential district with good average incomes and professional households. Nearby retail parades historically show strong daytime footfall and affluent demand from locals - good for both retail spending and professional services clients.
Around the shop there’s already a cluster of complementary businesses such as omg Peri Peri (restaurant) and I.C. Partners Hair & Beauty (hair salon), plus furniture stores, accountants and clinics. This mix means the street has existing everyday traffic and spending, which supports both retail trade and service-based businesses.
Lease Assignment with 8 years and 4 months Remaining - inside the L&T Act.
6 months' rent deposit.
Rent £24,500pa
Premium £65,000
A guarantor is required.
There is a tenant-only, rolling break option, operable any time after 5 years, by providing 6 months' prior written notice and paying exit charge of £15,000.
There is a open market rent review at the end of the 5th year (10th June 2029).
Terms
Assignment of lease with 8 years and 4 months remaining.
Outgoings
Interested parties should make their own enquires.
VAT
It is our understanding that there is no VAT applicable on the rent.
Legal costs
The ingoing tenant to cover the landlords legal fees.
Service charge
Building Insurance approx. £2,000pa.
Viewing
Strictly via Appointment.
Around the shop there’s already a cluster of complementary businesses such as omg Peri Peri (restaurant) and I.C. Partners Hair & Beauty (hair salon), plus furniture stores, accountants and clinics. This mix means the street has existing everyday traffic and spending, which supports both retail trade and service-based businesses.
Location
The location has very good public transport access - Golders Green Underground Station (Northern Line) is within walking distance, and numerous bus routes serve Finchley Road, bringing both local residents and commuters on foot past the premises. This helps both retail footfall and client accessibility for services .Finchley Road itself is a busy arterial road with high traffic flow and a mix of shops, eateries and services lining the street. This creates a steady stream of potential customers and local clientele for whatever business you operate.
Description
The area around NW11 (including Temple Fortune and Golders Green) is a well-established residential district with good average incomes and professional households. Nearby retail parades historically show strong daytime footfall and affluent demand from locals - good for both retail spending and professional services clients.
Around the shop there’s already a cluster of complementary businesses such as omg Peri Peri (restaurant) and I.C. Partners Hair & Beauty (hair salon), plus furniture stores, accountants and clinics. This mix means the street has existing everyday traffic and spending, which supports both retail trade and service-based businesses.
Lease Assignment with 8 years and 4 months Remaining - inside the L&T Act.
6 months' rent deposit.
Rent £24,500pa
Premium £65,000
A guarantor is required.
There is a tenant-only, rolling break option, operable any time after 5 years, by providing 6 months' prior written notice and paying exit charge of £15,000.
There is a open market rent review at the end of the 5th year (10th June 2029).
Terms
Assignment of lease with 8 years and 4 months remaining.
Outgoings
Interested parties should make their own enquires.
VAT
It is our understanding that there is no VAT applicable on the rent.
Legal costs
The ingoing tenant to cover the landlords legal fees.
Service charge
Building Insurance approx. £2,000pa.
Viewing
Strictly via Appointment.
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Monthly repayment
£325 per month
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