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
Tenure
Location
Accommodation
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
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: £1,500 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.
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. 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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