Home » Property Search » Auctions » 09/02/17 » 75 Cricklewood Broadway, Cricklewood, NW2 3JR

Lot 24 - 75 Cricklewood Broadway, Cricklewood, NW2 3JR

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LONG LEASEHOLD COMMERCIAL INVESTMENT

Guide price: £160,000 - £170,000 *

Auction Date

Thursday, 9th February 2017 11:00am

Location & Description

Forming part of a mid-terrace property comprising a ground floor shop within a local parade serving the surrounding popular residential area.
On the west side of Cricklewood Broadway (A5) within this established shopping centre, about ½ mile from Cricklewood Lane and Cricklewood mainline station. Nearby multiple retailers include Costa, Coral and The Co-operative Funeralcare. Cricklewood has good road access via the A41 to the east and the North Circular Road (A406) to the north.

Accommodation

Ground Floor Shop:
489 sq ft (45.4 sq m),
Store/Plant Room:
155 sq ft (14.4 sq m) plus WC
Let on a repairing and insuring lease to Rizgar Ahmed Asmael Jaf (trading as a Launderette) for 15 years from 24.06.2015 at £10,000 p.a. Rent reviews 2019 and 5 yearly

Lease Details

999 years from completion at a fixed ground rent of £100 p.a.

EQUIVALENT TO £10,000 p.a.

EPC Rating

On application

Result

Sold for £171,000

Addendum

Clause 3 of the head lease has been slightly updated and there is now a lease plan attached.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.