Craven Park Road, London
£750,000
A FREEHOLD investment and development opportunity for sale in Harlesden, North West London. The property generating an annual income of £83,000 per annum, with commercial uses E & F1 Class. Shop / restaurant (use class E) fronting the High Street with place of worship to the rear (use class F1).
Location:
The property is situated in the North West London area of Harlesden, a densely populated suburb surrounded by local shops and amenities on High Street and Askew Road.
Property:
A semi-detached freehold building, built circa 1930, comprising:
• Ground floor retail unit to the front, currently trading as a Brazilian butcher, grocer, and coffee shop, with a flat above that has been sold off on a long lease.
• Ground floor rectangular single-storey building to the rear with a pitched roof, currently used as a mosque.
Leases & Income:
• Shop: 8-year internal repair and insuring lease from 30/01/2023, with 4-yearly reviews. Passing rent: £28,000 p.a.
• Mosque: 7-year lease from 27/12/2019. Passing rent: £55,000 p.a.
Upper floors residential: Sold on a long lease, 999 years from 2003, with a peppercorn ground rent.
TOTAL: net income £83,000 per annum, offering a yield in excess of 10%.
Tenure: Freehold
Location:
The property is situated in the North West London area of Harlesden, a densely populated suburb surrounded by local shops and amenities on High Street and Askew Road.
Property:
A semi-detached freehold building, built circa 1930, comprising:
• Ground floor retail unit to the front, currently trading as a Brazilian butcher, grocer, and coffee shop, with a flat above that has been sold off on a long lease.
• Ground floor rectangular single-storey building to the rear with a pitched roof, currently used as a mosque.
Leases & Income:
• Shop: 8-year internal repair and insuring lease from 30/01/2023, with 4-yearly reviews. Passing rent: £28,000 p.a.
• Mosque: 7-year lease from 27/12/2019. Passing rent: £55,000 p.a.
Upper floors residential: Sold on a long lease, 999 years from 2003, with a peppercorn ground rent.
TOTAL: net income £83,000 per annum, offering a yield in excess of 10%.
Tenure: Freehold
Reference: CS0143
A FREEHOLD investment and development opportunity for sale in Harlesden, North West London. The property generating an annual income of £83,000 per annum, with commercial uses E & F1 Class. Shop / restaurant (use class E) fronting the High Street with place of worship to the rear (use class F1).
Features
- Investment Opportunity 10% Return
- Uses: E & F1 Class Shop & Mosque
- £83,000 Per Annum
- Great Location and Public Transport
- Service Charge: Approx. £6,800 per year. Rates: Payable, approx. £2,200 per year.
Arrange a Viewing
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