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FOR SALE Mixed Use Freehold Investment 80-86 Ballards Lane, Finchley, London, N3 2DL

Mixed Use Freehold Investment 80 86 allards Lane, Finchley, … · 2020. 12. 10. · 80-86 allards Lane, Finchley, London, N3 2DL FOR SALE Mixed Use Freehold Investment • urrent

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  • FOR SALE

    Mixed Use Freehold Investment

    80-86 Ballards Lane, Finchley, London, N3 2DL

  • AWH prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor AWH will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property

    is unoccupied, AWH may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does not hold. Prospective purchasers should make their own investigations before

    finalising any agreement to purchase or lease.

    Address Tenant Floor

    Area

    Term From Lease to Current Rent

    PA (£)

    Date of Next Review EPC Rating

    Unit 80 - Ground Floor Shop Saifuddin Redi Jabarkhel t/a Cropz Hair Salon 1618 19/04/16 18/04/31 28000 TOTB on 19.4.21 & 19.4.26 at 6 months

    notice + £8,400

    D84

    Unit 80 - Office 1/2 Simon Anthony Style Sally Rebecca Style &

    Denton & Co Trustees Limited as Trustees of

    Ammerhurst Pension Scheme

    2740 25/12/87 24/12/2112 125 yr lease at peppercorn exp12/2112

    (prev Futuris Limited & Colton Aviation)

    D100

    Unit 82 - Ground Floor Shop Glamorous Lengths Ltd 1420 25/03/14 24/03/22 30000 Tenants wish to extend the lease term

    until 24/03/25

    D77

    Unit 84 - Ground Floor Restaurant Kwong Ltd 2056 29/09/99 28/09/2998 999 year Lease Peppercorn Rent Insurance

    Only ends 28 September 2998

    D77

    Unit 86 - Ground Floor Shop Naheed Sarwar 4112 29/09/99 28/09/2998 999 year Lease Peppercorn Rent Insurance

    Only ends 28 September 2998

    D81

    Flat 1 Stanton Court Christopher Michael Al -Sinjakli 2 bed/2 bath 10/05/18 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 2 Stanton Court Scott Strachan & Donna Strachan 1 bed/1 bath 25/12/87 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 3 Stanton Court Primary Management Services Limited Ltd 2 bed/2 bath 20/11/2017 14/12/2202

    Flat 4 Stanton Court Jessica Tabibi 1 bed/1 bath

    & claimed

    private patio

    area

    25/12/87 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 5 Stanton Court Arghyros Leonida 1 bed/1 bath 25/12/87 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 6 Stanton Court Pistachio International Limited 1 bed/1 bath 25/12/87 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 7 Stanton Court Siavash Tabibi, Brenda Ann Tabibi & Primary

    Management Services Limited

    2 bed/ 1 bath 20/11/2017 14/12/2202

    Flat 8 Stanton Court Pistachio International Limited 1 bed/1 bath 25/12/1987 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 9 Stanton Court Michael Marlow & Marilyn Gloria Pearce 2 bed / 2 bath 25/12/87 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    Flat 10 Stanton Court Siavash Tabibi, Brenda Ann Tabibi 1 bed/1 bath 20/11/2017 14/12/2202

    Flat 11 Stanton Court Aaron John Cronin & Anna Michelle Reming-

    ton

    2 bed/2 bath

    & private

    roof terrace

    25/12/87 15/12/2112 200 Rent Increase on 25/12/2037 to £400,

    25/12/2062 to £500, 25/12/2087 to £600

    TOTAL £59600

  • 80-86 Ballards Lane, Finchley, London, N3 2DL FOR SALE

    Mixed Use Freehold Investment

    • Current rental income of £59,600 p.a exclusive.

    • Multi-let and with guaranteed ground rental uplift on eight flats every 25 years

    • Also rent reviews on the on the shops numbered 80 (April 2021) and 82 (March 2022)

    • Freehold Price £800,000 subject to contract only

    • N.I.Y. 7.05% assuming standard buyer costs

    • Property is VAT elected

    Location The site is located on busy Ballards Lane (A598) and return to Princes Avenue. The site has good public transport links, and is within a 5 minute walk of Finchley Central Station (Northern Line).

    It is also in close proximity to Tesco Superstore, Superdrug, Santander, Barclay’s Bank, Costa Coffee, Greggs etc.

    Description The site (edged in red) comprises a parade of shops, offices and eleven self-contained flats above.

    Price Offers in excess of £800,000 plus VAT are invited subject contract only

    Contact details For further details, please contact AWH and ask for:

    Stephen Anderson BSc (Hons) MRICS

    [email protected]

    Email: [email protected] Tel: 020 061 1100

    AWH prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor AWH will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property

    is unoccupied, AWH may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does not hold. Prospective purchasers should make their own investigations before

    finalising any agreement to purchase or lease.

    Finchley Central Station

    Investment Site