Commercial Property for Investment Burnt Oak HA8

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Auction date: Wed, 18/09/2024 - 11:00

Guide Price £5,000. A mid terraced building comprising a Double Ground Floor Shop with Ancillary Accommodation on the first and second floors. Leasehold for a term of 99 years from 25th March 1926 expiring 24th March 2025 (thus having approx. 6 months unexpired) at a fixed ground rent of £40 p.a. The entire property is let on a full repairing and insuring lease for a term from 5th June 2023 to 23rd March 2025 at a current rent of £65,000 per annum exclusive. Note: The Freeholders (London Borough of Barnet) have indicated that they may consider selling the Freehold of this property.

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