Lot 18
Mixed Use - Commercial Property
7-8 Central Circus
Hendon, London, NW4 3JS
Unsold, please refer to Auctioneer
A Commercial and Residential Investment Fully Let Producing £91,580 Per annum
Description
The property comprises a mid terraced building arranged to provide a ground floor shop and six studio flats on the first and second floors.
Tenure
Freehold
Location
The property is situated in the heart of Hendon Central close to local shops and amenities. The open spaces of Hendon Park are also within close proximity. Transport links are provided by Hendon Central Underground Station (Northern Line).
Exterior
The property benefits from a rear court yard.
Current Rent Reserved
Current Rent Reserved £91,580 per annum
Accommodation & Tenancy Schedule
| Property | Floor | Accommodation | Tenancy Details | Current Rent |
|---|---|---|---|---|
| Shop | Ground | Shop Area | Let on a 20 year FRI lease to DP Realty Ltd from 29th June 2020 | £27,000 pa |
| Flat 1 | First | Studio Room, Kitchenette, Bathroom | 6 Months from 07/09/20 at £800 pcm | £9,600 pa |
| Flat 2 | First | Studio Room, Kitchenette, Bathroom | 12 Months from 10/05/19 at £800 pcm (holding over) | £9,600 pa |
| Flat 3 | First | Studio Room, Kitchenette, Bathroom | 12 Months 01/08/20 at £800 pcm | £9,600 pa |
| Communal Kitchen | Second Floor Landing | Kitchen | N/A | N/A |
| Flat 5 | Second | Studio Room, Kitchenette, Bathroom | 12 Months from 07/08/20 at £800 pcm | £9,600 pa |
| Flat 6 | Second | Studio Room, Kitchenette, Bathroom | 6 Months from 15/05/20 at £1,080 pcm | £12,960 pa |
| Flat 7 | Second | Studio Room, Kitchenette, Bathroom | 12 Months from 01/10/19 at £950 pcm | £11,400 pa |
Additional Fees
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.
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Open House Viewings:
For further information, please register for the legal pack.
For all enquiries, please contact Jordan Phillips at jordan@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk
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