Retail premises for sale in Vivian Avenue, Hendon NW4

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Retail premises for sale 1,100 sq. ft*

Property features

  • Virtual Freehold
  • Let & Income Producing
  • Investment Opportunity

Property description

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)

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Maunder Taylor, N20 on +44 20 3478 3236 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Maunder Taylor, and do not constitute property particulars. Please contact Maunder Taylor for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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