Property photos
£1,500,000
(£750.00/sq. ft)
Retail premises for sale
Watford Way, Hendon, London NW42,000 sq. ft
Local area information
Property location
Nearby amenities
- Sunnyfields Primary School 0.1 miles
- St Mary's and St John's CofE School 0.3 miles
- Colindale 0.7 miles
- Hendon Central 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
Location: The premises are situated in a very prominent position at the junction of the Watford Way (A41) and Greyhound Hill offering a high exposure to passing vehicles on this busy main road.
Accommodation Comprises a double shop unit which has been for many years used as a car showroom and has been fitted to an extremely high standard. The premises affords the following approximate dimensions and floor areas:
Frontage 45’ 3
Maximum internal width 41’ 2 narrowing to 17’
Shop depth 68’ 6
Ground floor area 2,000 sq ft approx
In addition, 10 – 15 car spaces are available in a basement car park in an adjoining building for sale or to let.
Amenities
* Large skylight
* Tiled flooring
* Sodium & spot lighting
* Air conditioning
* Rear electric roller door leading to service road
lease: A new full repairing and insuring lease to be granted for a term by arrangement subject to upward only rent reviews at 5 yearly intervals if applicable.
Rent:
Shop only: £45,000 per annum exclusive.
Car parking: £25,000 per annum exclusive.
Alternatively
tenure::Freehold for sale with vacant possession of the double shop. The residential upper part comprises 2 x studio flats and 1x 2 bed flat let on ASTs producing a total income of £52,800 per annum.
Price: £1,500,000
The basement car park is held on a long lease with 94 years remaining and is available to purchase for £200,000.
Rates: Obtained from the website the showroom premises has a rateable value of £31,500 with rates payable for 2024/2025 are £15,718 per annum. Retail, hospitality and leisure uses currently are legible for rates relief of 75%. Interested parties should confirm annual rates payable with the Rating Authority.
EPC: To be confirmed.
Legal costs: Each party to be responsible for their own costs incurred.
Nb: The adjoining shop of 585 sq ft which currently intercommunicates is available to rent at £15,000 per annum exclusive. Further details upon request.
Accommodation Comprises a double shop unit which has been for many years used as a car showroom and has been fitted to an extremely high standard. The premises affords the following approximate dimensions and floor areas:
Frontage 45’ 3
Maximum internal width 41’ 2 narrowing to 17’
Shop depth 68’ 6
Ground floor area 2,000 sq ft approx
In addition, 10 – 15 car spaces are available in a basement car park in an adjoining building for sale or to let.
Amenities
* Large skylight
* Tiled flooring
* Sodium & spot lighting
* Air conditioning
* Rear electric roller door leading to service road
lease: A new full repairing and insuring lease to be granted for a term by arrangement subject to upward only rent reviews at 5 yearly intervals if applicable.
Rent:
Shop only: £45,000 per annum exclusive.
Car parking: £25,000 per annum exclusive.
Alternatively
tenure::Freehold for sale with vacant possession of the double shop. The residential upper part comprises 2 x studio flats and 1x 2 bed flat let on ASTs producing a total income of £52,800 per annum.
Price: £1,500,000
The basement car park is held on a long lease with 94 years remaining and is available to purchase for £200,000.
Rates: Obtained from the website the showroom premises has a rateable value of £31,500 with rates payable for 2024/2025 are £15,718 per annum. Retail, hospitality and leisure uses currently are legible for rates relief of 75%. Interested parties should confirm annual rates payable with the Rating Authority.
EPC: To be confirmed.
Legal costs: Each party to be responsible for their own costs incurred.
Nb: The adjoining shop of 585 sq ft which currently intercommunicates is available to rent at £15,000 per annum exclusive. Further details upon request.
More information
Listed by
Michael Berman & Co
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Michael Berman & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Michael Berman & Co for full details and further information.