Finchley Road, Temple Fortune, NW11. £825,000 (subject to contract).
Finchley Road, Temple Fortune, NW11.
Commercial Investment. Situated in an excellent trading location in this affluent area, with nearby traders including Marks and Spencer, Waitrose, Santander, BMW etc. The property comprises a retail ground floor unit, in a residential block, currently under construction, with completion anticipated mid 2011. The property benefits from an excellent frontage to Finchley Road and a return frontage to Alberon Gardens.
Area : 2598 sq ft Tenure : 999 year leasehold Tenant : The property has been let on a new 10 year lease from completion to Topps Tiles at a commencing rate of £57,500 with annual RPI increases with a minimum of 1% pa, and a maximum of 4% pa, plus an upward only review at the fifth year.