Lot 40
6 Week completion
SITUATION
In this well-known main road location midway between the North Circular Road (A406) and Wembley and being in this densely populated residential area. Nearby multiple retailers include Lidl, Coral and Chicken Cottage.
PROPERTY
A mid terrace building comprising a Ground Floor Shop and Basement with separate front access to a Self-Contained Maisonette on the two upper floors. In addition, the property includes a Gated Private Yard for up to 8 vehicles accessed from a rear service road.
ACCOMMODATION
Ground Floor Shop
Gross Frontage 17'9"
Internal Width 14'7"
Shop Depth 19'5"
Built Depth 28'0"
Basement
Area Approx 245 sq ft plus WC
First & Second Floor Maisonette (not inspected)
4 Rooms, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
FREEHOLD
TENANCY
The entire property is let on a full repairing and insuring lease to Killarney Motors Limited (with J. Lehane as Guarantor) as a car showroom for a term of 12 years from 1st July 2008 at a current rent of £11,000 per annum exclusive.
Rent Review July 2016 based on highest aggregate rentals (Outstanding).
Note 1: The Maisonette has been sublet on an AST at £12,000 p.a.