Land For Sale £1,700,000
Finchley Road, London

A freehold investment for sale consisting of the commercial premises to the ground floor, 5 flats above which consists of four studio flats and a one bedroom flat.

Adjacent to the O2 Centre and so extremely close to both Finchley Road tube and Finchley Road and Frognal Overground Station, along this busy and popular thoroughfare.

The commercial premises currently has medical/E-class use where the current practice is looking to vacate shortly, with their lease running out in early April 2024 at which point the lease will be periodic. The current rent is £27,090 per annum.

The residential units are all Let on ASTs, however all bar one of these leases have now expired and these tenants have all held over , therefore vacant possession should be possible if notice is served on these four units. All five units can benefit from refurbishment.

Current passing rent on the residential is £68,244 per annum.

Therefore total income is £95,334.00 per annum.

We believe there is plenty of scope for both the residential rents and commercial rent to be improved.

Council Tax Band B