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A Virtual Freehold Commercial Investment Producing £72,500 Per Annum
The property comprises a lower ground floor commercial unit (use class E) situated within a purpose block arranged as 23 apartments.
Tenure
Long Leasehold. The property will be held on a new 999 year lease.
Location
The property is situated in a newly converted block of apartments which is close to local shops and amenities. The open spaces of Queens Park are within easy reach. Transport links are provided by Kilburn Park underground station (Bakerloo line) and Queens Park overground station.
Exterior
The property benefits from off street parking for two cars.
Tenancy
The property is let to NXT Phase Ltd for a term of 10 years commencing 18th February 2020 at a rent of £72,500 + Vat per annum. The lease is contracted outside the 1954 Landlord & Tenant Act.
GIA: 3,204 Sq Ft (297 Sq M)
VAT
VAT is applicable
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.