123 The Broadway, Mill Hill, London, NW7 3TG
- PROPERTY TYPE
Mixed Use
- BEDROOMS
4
- SIZE
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Description
**For Sale By Public Auction 11th September 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack**
A Mixed Use Building Arranged to Provide a Ground Floor Restaurant, a First Floor Two Bedroom Flat and a Second Floor Two Bedroom Flat Fully Let Producing £95,600 Per Annum (Reflecting a Gross Initial Yield of 8.6%)
Tenure
Freehold
Location
The property is located in the heart of Mill Hill amongst the local shops, cafes and restaurants of the area. Nearby multiples include Marks & Spencer, Gails and Tesco Express. The open spaces of Arrandene Open Space are within easy reach. Transport links are provided by Mill Hill Broadway Thameslink with its fast routes into Kings Cross.
Description
The property comprises a mid terrace building arranged to provide a ground floor restaurant, a first floor two bedroom flat and a second floor two bedroom flat (GIA: 252 sqm / 2,717 sq ft)
Accommodation & Tenancy Schedule
| Floor | Accommodation | Tenancy | Current Annual Rent |
| Ground | Restaurant Area, WCs, Kitchen (GIA: 150 sqm / 1,621 sq ft) | Lease for 15 years from 1st October 2022 (Rent reviews every 5 years) | £50,000 |
| First | Reception Room with Open-Plan Kitchen, Two Bedrooms, Bathroom (GIA: 48 sqm / 524 sq ft) | AST | £22,200 |
| Second | Reception Room with Open-Plan Kitchen, Two Bedrooms, Bathroom (GIA: 53 sqm / 572 sq ft) | AST | £23,400 |
Open House Viewings - Video Walkthrough Available
Tuesday 3 September 11:30 - 12:00
Friday 6 September 12:30 - 13:00
Tuesday 10 September 11:30 - 12:00
Friday 13 September 11:00 - 11:30
Brochures
Legal Documents123 The Broadway, Mill Hill, London, NW7 3TG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Mill Hill Broadway Station0.3 miles
- Burnt Oak Station1.2 miles
- Edgware Station1.3 miles
About Auction House London, Hampstead
5 Hampstead Gate, 1A Frognal, Hampstead, London, NW3 6AL
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House London, Hampstead on 020 3897 6030.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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