772 Finchley Road, London
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Tenure
Freehold
EPC
Parking
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- Primary use
- Mixed use
No floor / site plan
Key features
- Rarely Available Mixed Use Investment Opportunity
- Retail Unit and Residential Upper Parts
- Ground Floor Let to a Cafe
- 16 Year Lease Expiring 03.06.2031
- Upper Parts Comprise 3 Bed Flat (Vacant)
- Asset Management Potential Via Letting
- Potential to Convert to 2 x Flats (subject to consents)
- Prominent High Footfall Pitch
- VAT-Free Investment
- Investment Let at £23,500 p.a. with Vacant Flat
Description
Arranged as a ground floor retail unit with a separately accessed three bedroom flat to the upper parts, the property is currently part-let and producing £23,500 per annum.
The ground floor is let to a cafe on a 16 year lease expiring 03.06.2031 and paying £23,500 per annum. We understand a rent deposit of £17,250 is held. The lease benefits from reviews every four years with the 2023 review currently outstanding, offering immediate asset management potential via improvement of the rent.
The upper parts comprise a three bedroom flat offered with vacant possession, offering immediate asset management potential via letting.
The upper parts may also be suitable to conversion to provide multiple units, subject to obtaining any requisite consents.
The property benefits from a prominent frontage to Finchley Road, an high footfall arterial route connecting the centres of Finchley and Golders Green. The surrounding area comprises similar mixed uses with a number of independent retailers.
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
- Environmental description
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Brochure
772 Finchley Road, London
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Disclaimer - Property reference 956A0A9C-7592-4133-9794-EE976C7F6D0C. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.