FREEHOLD investment opportunity with potential for development STPP. The building consists of a large retail premises (A1 use) with a rear yard and a 2 bedroom flat above.
Located on a busy high street position Burnt Oak Broadway HA8 with parking facilities, many passers-by, great transport links, bus stop just a few steps away with several bus routes and less than 5 minutes walk to Burnt Oak Station.
The retails premises consists of a spacious corner shop with A1 License, the internal floor area totals to (1,452) sq ft) and the rear yard (420 sq ft) totaling (1,872 sq ft). Benefiting from 3 entrance’s one from the main road Burnt Oak Broadway (A5) and 2 entrances from the side road, office room and WC. The premises is in very good condition and well located on a busy high street location it is suitable for variety of businesses, subject to license application if outside the A1 use. Also great potential for sub-letting and can easily be separated to 2 or 3 sections each with own entrance.
The retails premises has been achieving a rent of £32,000 per annum from the previous tenants, currently vacant and is available to rent on a new lease at £35,000 per annum.
The flat above consists of a lounge, 2 bedroom double bedrooms, separate kitchen, bathroom and a small patio area outside currently rented on an AST and is generating a rental income of £18,600 per annum.
- FREEHOLD INVESTMENT
- RETAIL UNIT VACANT POSITION
- DEVELOPMENT OPPORTUNITY STPP
- FANTASTIC LOCATION
- POTENTIAL FOR UNITS SUBLETTING