71-73 Fernhead Road, London
£355.45 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
844 sq ft
78 sq m
- SECTOR
Mixed use property for sale
Key features
- High Yielding Retail/Leisure Investment
- Lease Expires 15/11/2031 (no breaks)
- 844 sq ft (78.41 sq m)
- Asset Management Potential
- Let to a Popular Local Restaurant
- Long Standing Occupier of 10+ Years
- Prominent Corner Pitch
- Investment Let at £28,500 p.a. (9.5% GIY on Guide Price)
Description
Arranged across ground floor only, the property is let to a private individual on a 15 year lease expiring 15/11/2031 with no breaks and producing £28,500 per annum. We understand the tenant is a long standing occupier of over 10 years. The lease includes 5 yearly rent reviews with an outstanding rent review from 2021 and a further rent review due in 2026. We consider the property offers asset management potential with the opportunity to improve rents via these two reviews.
The property is located in the sought after area of Queens Park and occupies a prominent corner pitch, forming part of a popular local parade characterised by a number of local retailers and restaurants. The surrounding area is predominantly residential, with the subject property forming part of the principal local retail and leisure amenity for the area.
Queens Park Station - 0.5 miles
Brochures
71-73 Fernhead Road, London
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Queen's Park Station0.5 miles
- Westbourne Park Station0.5 miles
- Kilburn Park Station0.6 miles
Notes
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