Investment Opportunity

Finchley Road, Swiss Cottage, NW3. £6,250,000 (subject to contract).

Finchley Road, Swiss Cottage, NW3

This substantial mixed use property fronts on to Finchley Road (A41) at its junction with Goldhurst Terrace close to Finchley Road underground station and is strategically placed between Waitrose and Woolworths. The property, which is not listed nor falls within a conservation or employment protected zone, currently provides 5 ground and basement retails units fronting Finchley Rd, 3 floors of offices, 1 floor of residential (sold off on long leases at a peppercorn). 4,250 sq ft of ground floor retail / 3,780 sq ft of ancillary and basement / 11,710 sq ft of office over 1st, 2nd and 3rd floors. Full details and tenancy schedule available. Current gross income £366,396pa. Opportunity to improve the income and for future development by adding a floor and converting office space to residential (subject to necessary consents). Leasehold - 999 year lease (from 1897 expiring 2896) from the Manchester Sheffield Lincolnshire Railway company. The current ground rent is £291 per annum.     

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For further information:

Daniel Reuben or Ben Levy on 020 76251266.