Unit 2 Fountain House, 30-36 Church Road, Unit 2 Fountain House, 30-36 Church Road

Guide price

£795,000

Auction

Size

5,060

Tenure

Freehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • Prominent Virtual Freehold Shop Investment
  • Let on a new 10 year lease(1)
  • Arranged over 5,060 sq ft
  • Let at £70,000 p.a. (8.8% GIY on Guide Price) rising to £80,000 p.a. in 2031
  • Well located in the affluent North West London suburb of Stanmore
  • Tenant in occupation since 2016
  • VAT is applicable (TOGC intended)

Description

The property comprises a virtual freehold commercial investment arranged over the ground floor together with three demised parking spaces.

Tenure

Long Leasehold. Held for a term of 999 years less 3 days from 11 November 1999 at a peppercorn ground rent

Accommodation
Ground Floor - 426.6 sq m (4,592 sq ft)
Basement - 43.5 sq m (468 sq ft)
Total - 470.1 sq m (5,060 sq ft)

Tenancy

The property is let to Schmidt (Stanmore Kitchens Ltd) on a full repairing and insuring (FRI) lease for a term of 10 years from June 2026 at a current rent of £70,000 per annum.

(1)The lease provides for a tenant break option at the fifth anniversary and a rent review at the fifth anniversary. The rent increases by £2,500 per annum until Year 5, rising to £80,000 per annum.

A three-month rent deposit is held for the term.

Rent

£70,000 per annum
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

Unit 2 Fountain House, 30-36 Church Road, Unit 2 Fountain House, 30-36 Church Road

NEAREST STATIONS

London Underground

Stanmore Station

0.43 miles

London Underground

Canons Park Station

1 miles

London Underground

Edgware Station

1.62 miles

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Disclaimer - Property reference 2A3F5FE5-B2DE-490D-A4EC-8899747B36B2. 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.