153 High Road, London, NW10 2SG

Investment Consideration:
Rental Income: £180 p.a.
ERV: £25,180 p.a. GIY: £5.60%
VAT is NOT applicable to this property
Comprises corner ground floor shop and 3 residential flats above (all sold-off)
Retail shop newly refurbished and benefits from triple glass frontage and large basement
Situated within 10 min walk from Willesden Green Underground station, with occupiers nearby include restaurants, pharmacy, café`s, beauty salon, convenience store and more.

Property Description:
Comprises corner ground floor shop with ancillary accommodation at basement. The shop has single frontage on High Road and double frontage on Gowan Road, providing great retail exposure. The property includes 3 residential flats above, which have been sold-off on long leaseholds, providing the following accommodation and dimensions:
Ground Floor Shop: 67 sq m (721 sq ft)
Open plan retail, storage, wc
Basement: 46 sq m (495 sq ft)
open plan storage
First/Second/Third Floor: 3 residential flats (sold-off)
Total GIA: 113 sq m (1,216 sq ft)

Tenancy:
The retail shop is at present vacant. ERV: £25,000 p.a.
Flats 1,2,3 have been sold-off on long leaseholds for a term of 99 Years from 29th September 1970 at a total ground rent of £180 p.a. (£60 each)
Fixed increase to £90 p.a. each in September 2037 until the remainder of the term. Reversion 2070.

Location:
Willesden is a densely populated suburb located some 5 miles north-west of Central London. The area enjoys good communications, being adjacent to the North Circular (A406) and having underground services at Dollis Hill and Willesden Green (Jubilee Line). The property is situated on the junction of High Road and Gowan Road. Willesden Green underground station is approximately 0.5 miles to the east of the property. Retail occupiers nearby include restaurants, pharmacy, café`s, beauty salon, convenience store and more.