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West Hendon Broadway West Hendon Broadway, Greater London, NW9 7BW
Use Class
E
Size
5,000 sq ft
Rent pa
POA
Price
£1,250,000
Market Sector
High Street Scheme
Key Features
999 Year Lease For Sale (SPV to be sold)
The lease will provide an income of £115,000 pa
£1.25 million pounds reflecting NIY of 8.71%
5000 sq ft & 6 car parking spaces
Prominent corner plot
User Class E
Description
The building will comprise of a mixed-use development arranged over ground to fourth floors. The ground floor, 6 car parking spaces and forecourt are pre-let to Anytime Fitness on an agreement for lease which will complete upon practical completion of the building which is scheduled for May 2023. The upper floors will provide residential accommodation for a housing association provider and there is a car park to the rear of which 6 spaces are demised for the ground floor commercial tenant.
The demise for sale is the ground floor commercial unit and 6 car parking spaces only.
Location
The property is located in West Hendon in North London, along the Broadway which is on the A5 between Edgeware and Cricklewood. There is a population of 765,857 residents within a 15 minute drive and is the ninth largest ward in Barnet.
The property is situated on a prominent corner plot at the junction between the A5 and Cool Oak Lane. This location benefits from excellent traffic flow and pedestrian footfall. Hendon train station is a 5 minute walk from the subject property and is on the Thameslink train network reaching London Kings Cross/ St Pancras in 18 minutes.
Brent Cross Shopping Centre is a 15 minute walk or a 10 minute bus journey from the property. Nearby occupiers comprise of a range of independent retail occupiers and there is a Travelodge Hotel, Decathlon, Currys and Dunelm to the south.
Accommodation
5,000 Sq.Ft
Financial
Tenure
Long Lease / Freehold
Sustainability
An EPC inspection will be completed upon the building completion.
Disclamier
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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