COMMERCIAL & RESIDENTIAL INVESTMENT, REFURBISHMENT & REDEVELOPMENT OPPORTUNITY IN PRIME, WELL CONNECTED, HAMPSTEAD.
Summary
- Site of 0.86 Acres
- Modern office accommodation totaling 14,104 sq ft (NIA)
- 8 residential units totaling 6,592 sq ft (Sales Area)
- Range of asset management opportunities including refurbishment, occupation or full redevelopment STP
- Existing gross rental income £283,250 per annum with ERV of £753,494 per annum
- 41 Car Parking spaces
Accommodation
The accommodation comprises of the following
| Name | Building Type | Size | Monthly Rent |
| Ground - Office / Retail | Office | 1,361 sq ft | - |
| 1st - Office A | Office | 2,141 sq ft | - |
| 1st - Office B | Office | 2,504 sq ft | - |
| 1st - Office C | Office | 2,195 sq ft | £7,000 |
| 2nd - Office | Office | 5,903 sq ft | - |
| 2nd - Flat 1A | Residential | 982 sq ft | £2,500 |
| 2nd - Flat 2A | Residential | 1,200 sq ft | £3,000 |
| 3rd - Flat B | Residential | 820 sq ft | £16.67 |
| 3rd - Flat C | Residential | 576 sq ft | £1,550 |
| 3rd - Flat D | Residential | 820 sq ft | £2,150 |
| 4th - Flat E | Residential | 997 sq ft | £3,100 |
| 4th - Flat F | Residential | 377 sq ft | £1,750 |
| 4th - Flat G | Residential | 820 sq ft | £2,275 |
Location
Prominently located on Finchley Road, the property benefits from excellent transport connections including Finchley Road Underground Station (Jubilee and Metropolitan lines) and Finchley Road and Frognal Overground station (Mildmay line), West Hampstead’s Underground, Overground and Thameslink services, multiple bus routes and exceptional on-site parking.
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Mainline Stations
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Finchley Road and Frognal1 min
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West Hampstead Thameslink7 mins
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West Hampstead8 mins
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South Hampstead14 mins
Underground Station
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Finchley Road and Frognal1 min
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Finchley Road6 mins
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West Hampstead8 mins
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West Hampstead Thameslink8 mins
Further Information
Price Price on application
Rates Payable £16.25 per sq ft
Estate Charge n/a
Description
The property represents an attractive mixed-use investment offering existing income, valuable parking provision and clear future upside, it is well suited to investors and owner-occupiers seeking a prime flexible asset with enduring fundamentals.
The commercial accommodation comprises 14,104 sq ft. Part of the ground floor extending to approximately 2,195 sq ft, is let on a full repairing and insuring lease expiring April 2027, producing a current income of £84,000 per annum. VP may be achievable early by separate negotiation.
The residential element comprises eight self-contained flats. Seven are let on Assured Shorthold Tenancies, producing a combined income of £196,100 per annum. One flat has been sold off on a long lease with approximately 36 years unexpired, offering a clear revisionary interest in due course, or the opportunity to buy back in.
There is a vacant single storey residential building benefiting from additional parking and a private garden, providing further flexibility for letting, owner-occupation, or alternative use subject to the usual consents.
Viewings
By appointment with either of the joint selling agents:
David Matthews (Dutch & Dutch) 07956 661 987 or
Mark Phillips (Edward Charles) 07768 857 003
Terms
Offers are invited for the Freehold and Long Leasehold interests.
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