Fixed price
£2,200,000
Land for saleWatford Way, Mill Hill NW7
Just added
Auction
About this property
Watford Way, Mill Hill Nw7
Freehold mixed use investment for sale - comprising a day nursery at ground floor level and 7 residential flats above. Four of the flats are let on Assured Shorthold Tenancies (AST’s) and three sold off on long leases of which one of those is a lease with around 70 years remaining. The covenant of the day nursery at ground floor level is excellent and they are trading from five locations. This offers an opportunity to receive regular and continued income and the potential for long term rental growth. The ground floor premises also includes a front forecourt and rear play area/parking area. There is also an option to purchase just the ground floor commercial investment freehold and a long lease will be granted back on the upper part to the seller.
Areas:
Total area: Approximately 3,534 sq ft (328 sqm) + substantial forecourt and rear parking/loading.
Tenure:
Freehold – subject to the current tenancies (see schedule on brochure)
Terms:
Offers invited in the region of £2.2m
Freehold mixed use investment for sale - comprising a day nursery at ground floor level and 7 residential flats above. Four of the flats are let on Assured Shorthold Tenancies (AST’s) and three sold off on long leases of which one of those is a lease with around 70 years remaining. The covenant of the day nursery at ground floor level is excellent and they are trading from five locations. This offers an opportunity to receive regular and continued income and the potential for long term rental growth. The ground floor premises also includes a front forecourt and rear play area/parking area. There is also an option to purchase just the ground floor commercial investment freehold and a long lease will be granted back on the upper part to the seller.
Areas:
Total area: Approximately 3,534 sq ft (328 sqm) + substantial forecourt and rear parking/loading.
Tenure:
Freehold – subject to the current tenancies (see schedule on brochure)
Terms:
Offers invited in the region of £2.2m
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Monthly repayment
£11,005 per month
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