Retail premises for sale in Vivian Avenue, Hendon NW4

For sale – Virtual freehold*
ground floor commercial unit – subject to existing lease (Uppers not part of the demise)

Situated within approximately 300 metres of Hendon Central Station & Watford Way, this unit is currently let and income producing – the sale does not include the upper parts.

Current lease – 20-year term, established 14th January 2011.
Review dates; 14th January 2016, & every 5th anniversary.
Only tenant option to break – 14th January 2016 – not exercised.
2016 rent review took the rent to the current passing level of £16,000 pax.

To be sold subject to the tenancy as detailed above – long leasehold interest (*virtual freehold)

*999-year lease term from January 1994

The unit has a maximum width of 18’9 (5.76m) across the front, narrowing to 11’9 (3.63m) to the rear, and an overall depth of 70’3 (21.43m).

Arranged with an open reception area, and with a corridor running front to rear - off which there is an office, 5 treatment rooms & shower/WC facilities.

To the rear of the building is a storage area/staff room.

Gia: Approximately 1100 ft² (102m²)

Business Rates:
According to the voa web site, the 2017 Rateable Value is £15,250. This is not the amount of rates payable. For the actual amount of rates payable, interested parties are advised to make their own enquiries with the London Borough of Barnet.

There are 4 garages in the service road to the rear of the property, for sale by separate negotiation (also with 999 year leases)