Freehold Shop & Residential Investment
- 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.
- freehold
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.
Address:
Honeypot Lane, Stanmore, Middlesex, HA7 1JJ
Type:
Investment
Est. Rates Payable:
£ 8358.25
Tenure:
freehold
Unit & Floors
| Unit | Floor | SQ FT / SQ M | AVAILABILITY |
|---|---|---|---|
| 1 | Ground | 1170 / 109 | Available |
| 2 | 1st | 402 / 37 | Available |
| 3 | 2nd | 341 / 32 | Available |
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