Retail under offer

9 Norbreck Parade

9 Norbreck Parade, Hanger Lane, London NW10 7HR

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The premises are situated in a secondary trading location at the Hanger Lane Gyratory system with access via Cleveley Crescent and Augustines Avenue.

Transportation

Airports

London Heathrow 8.2m, London City 15.1m, London Luton 23.9m

National rail

Stonebridge Park 1.1m, Ealing Broadway 1.3m, Wembley Central 1.4m

Tube

Hanger Lane 0.2m, Park Royal 0.5m, Alperton 0.7m

Further information

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Lease overview

The shop is currently let on a Full Repairing & Insuring lease to Jan Kopczynski for a term of 10 years from the 7th November 2013 expiring on the 6th November 2023, with a rent review and Tenants Break at 5 years with 6 months written prior notice, at a commencing and current passing rental of £8,450 per annum exclusive producing a yield of 7.04YP. The Rent Review as of November 2018 has not been initiated as yet by the Landlords with an estimated revised rent of between £10-£11,000 per annum exclusive which would produce a yield of 8.33-9.16YP. The original use for the shop was for a Beauty & Hairdressing Salon but is now trading as Dryline Ltd.,
in supplying and fitting Suspended Ceilings, Glass Partitions and Dry Lining.

Tenancy schedule
Floor / Demise Tenant NIA (sq ft) Rent (p.a.) Start date Expiry date Break option Next review
Ground Floor ShopJan Kopczynski410£8,40007/11/201305/10/202307/11/201807/11/2018
Viewings

Viewings are by strictly by prior appointment with the Vendors Sole Agents Dutch & Dutch.

Legal costs

Each party to be responsible for their own costs incurred on a sale of the property.

VAT

We are advised by the Vendors that there is no VAT applicable on the sale of the property.

EPC
Category D

Property marketed by:

174 West End Lane, West Hampstead NW6 1SW
Quote reference: SALE-38983

Secondary Freehold Shop Investment

£120,000

These particulars form no part of any contract. Whilst every effort has been made to ensure accuracy, this cannot be guaranteed. All rental and prices are quoted exclusive of VAT.