Freehold Shop & Residential Investment
Summary
- Good Secondary Trading Location
- Good Decorative Condition Throughout
- Self-Contained 3 Bedroomed Flat with access from the large communal yard at the rear of the shop.
- The Flat is in good decorative order and has the benefit of Gas Central Heating, Aluminium Double Glazed Windows and carpeted.
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Shop & Rear Storage | 1,170 | 108.70 | Available |
| 1st - Residential Flat | 402 | 37.35 | Available |
| 2nd - Residental Flat | 341 | 31.68 | Available |
| Total | 1,913 | 177.73 |
Location
The property is situated at the southern end of Honeypot Lane contained amongst a parade of terraced shops in a secondary trading location, being on the western side of the dual carriageway thoroughfare close to the Queensbury round about. Queensbury (Jubilee Line) Underground Station is located close by.
Get directions from Google Maps
Mainline Stations
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Kenton27 mins
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Harrow and Wealdstone33 mins
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South Kenton36 mins
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Harrow-On-The-Hill42 mins
Underground Station
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Queensbury8 mins
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Canons Park15 mins
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Kingsbury20 mins
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Kenton26 mins
Further Information
Price £950,000 There is no VAT to be charged on the sale price.
Rates Payable £8,358.25 per annum
Service Charge n/a
EPC Rating This property has been graded as D
Description
The Premises comprise a Ground Floor Shop trading as a Funeral Parlour with a large single storey rear extension used for storage purposes and having rear vehicle access via a large open communal yard area at the rear.
The shop is let on a Lease dated the 17th March 2014 on a Full Repairing & Insuring basis, for a term of 16 years from the 17th March 2014 with 4 yearly Rent Reviews, with a mutual Tenants & Landlords Break Clause every 4 years with 6 months prior notice being given of the same, at a current passing rent of £23,000 per annum exclusive agreed at the last rent review as of the 17th March 2022.
The self-contained three bedroom residential flat above the shop with access only from the rear shared yard area, comprises;
First Floor: Two Bedrooms and a Kitchen
Second Floor: Lounge, one Bedroom and WC/Washroom with Shower.
The Flat is let on an Assured Shorthold (AST) Tenancy Agreement for a term of 12 months from the 14th July 2024 at a rent of £2,200 per month (£26,400 per annum) with the Tenants having given the Landlord's a £2,500 Deposit.
The Total Rental Income for the entire property is £49,400 per annum.
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