Guide price
£375,000
(£438.60/sq. ft)
Retail premises for saleThe Broadway, Mill Hill, London NW7
855 sq. ft
Just added
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 a lock up shop together with a flat above (sold off). The shop affords the following approximate dimensions and floor area:
Gross frontage 19’10”
Internal width 17’ 2”
Built depth 42’0”
Floor area 785 sq ft
Outbuilding 70 sq ft
There is a rear yard with an average depth of 29’0, which offers future potential to extend the shop to the full depth as evidenced by the adjoining shop as well as other in the parade.
Tenancies & incomes
No 85 trades as Mill Hill Wines and is held on an Fri lease for a term expiring March 2036 subject to 5 yearly rent reviews
The shop is let at a current low rent of £22,000 per annum exclusive.
The March 2026 rent review has not been implemented (time is not of the essence).
Erv: The estimated rental value is £35,000 pax +. We understand Number 64, situated diagonally opposite is under offer on a new lease at a rent of £37,000 pax together with a premium of £40,000.
No 85A Comprise a flat held on a 125 year lease granted in 1999, ie 99 years unexpired at a current ground rent of £200 per annum.
Total current income: £22,200 pax.
Erv: £35-40,000 pax.
Price: £375,000 subject to contract for the benefit of the Freehold interest.
Current gross yield of 5.9%.
Projected yield upon settlement of rent review 9%+.
EPC 85 The Broadway: Tbc
85A The Broadway: C
legal costs: Each party to be responsible for their own costs incurred.
Viewing Strictly by appointment through sole agents as above
Accommodation: Comprises a lock up shop together with a flat above (sold off). The shop affords the following approximate dimensions and floor area:
Gross frontage 19’10”
Internal width 17’ 2”
Built depth 42’0”
Floor area 785 sq ft
Outbuilding 70 sq ft
There is a rear yard with an average depth of 29’0, which offers future potential to extend the shop to the full depth as evidenced by the adjoining shop as well as other in the parade.
Tenancies & incomes
No 85 trades as Mill Hill Wines and is held on an Fri lease for a term expiring March 2036 subject to 5 yearly rent reviews
The shop is let at a current low rent of £22,000 per annum exclusive.
The March 2026 rent review has not been implemented (time is not of the essence).
Erv: The estimated rental value is £35,000 pax +. We understand Number 64, situated diagonally opposite is under offer on a new lease at a rent of £37,000 pax together with a premium of £40,000.
No 85A Comprise a flat held on a 125 year lease granted in 1999, ie 99 years unexpired at a current ground rent of £200 per annum.
Total current income: £22,200 pax.
Erv: £35-40,000 pax.
Price: £375,000 subject to contract for the benefit of the Freehold interest.
Current gross yield of 5.9%.
Projected yield upon settlement of rent review 9%+.
EPC 85 The Broadway: Tbc
85A The Broadway: C
legal costs: Each party to be responsible for their own costs incurred.
Viewing Strictly by appointment through sole agents as above
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Monthly repayment
£1,875 per month
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