MIXED USE FREEHOLD INVESTMENT FOR SALE IN N2 PRICE REDUCED - YIELD INCREASED
- Arranged over ground and first floor
- Freehold
- The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a rent of £18,900 per annum
- The ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates
- Total income of £44,700 per annum
- Popular East Finchley location
- freehold
The ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates. Expiring 19th December 2033. The lease is contracted outside the Landlord and Tenant Act 1954.
Rent review 20th December 2027 and 4 yearly thereafter.
There is a mutual break clause effective from 20th December 2027 subject to either party giving 6 months prior written notice.
The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a monthy rent of £1,575
TOTAL INCOME: £44,700 per annum
Address:
9 Church Lane, London, N2 8DX
Type:
Retail
Tenure:
freehold
Unit & Floors
| Unit | Floor | SQ FT / SQ M | AVAILABILITY |
|---|---|---|---|
| 1 | 1st | 564 / 52 | Available |
| 2 | Ground | 1606 / 149 | Available |
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