Auction House London

Lot 33

Mixed Use - Commercial Property 

167 Cricklewood Broadway

Cricklewood, London, NW2 3HY

£1,875,000+

Guide Price (plus fees)

A Freehold Three Storey Mid Terrace Building Arranged to Provide a Ground Floor Shop and Six Flats Fully Let Producing Approximately £105,800. Pre-Covid 19 the Combined Rental Income was £115,000 Per Annum

Description

The property comprises a mid terraced building arranged to provide a ground floor shop and six self-contained flats.

Tenure

Freehold

Location

The property is situated in the North West London area of Cricklewood close to local shops and amenities. The open spaces of Mapesbury Dell Park are within easy reach. Transport links are provided by both Kilburn underground station (Jubilee line) and Cricklewood rail station.

Accommodation

Ground Floor 115 sq m / 1,242 sq ft

First Floor 90 sq m / 969 sq ft

Second Floor 65.1 sq m / 700 sq ft

Third Floor 41.2 sq m / 443 sq ft

Total G.I.A 311.7 Sq m / 3,355 Sq ft

Addendum

Please note that this property is subject to a Buyers Premium of 0.5% + VAT of the purchase price. This is in addition to the buyer's admin fee of £1,200 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
167 Ground Shop Let to Paddy Power on a 20 year lease from 2007 (Rent review due in December 2022) £26,000 per annum
Flat 1 First Studio Flat Let on an AST at £1,000 pcm £12,000 per annum
Flat 2 First Studio Flat Let on an AST at £1,100 pcm £13,200 per annum
Flat 3 First Studio Flat Let on an AST at £1,100 pcm £13,200 per annum
Flat 4 Second Studio Flat Let on an AST at £1,000 pcm £12,000 per annum
Flat 5 Second Studio Flat Let on an AST at £1,000 pcm £12,000 per annum
Flat D Third One Bedroom Flat Let on an AST at £1,450 pcm £17,400 per annum

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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