020 8904 5040

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Photo 2

Virtual freehold term of 999 year lease.

Valuation at £250,000.

667 Sq ft shop on busy broadway

Established tenant in regeneration area.

Excellent buy to let investment with low stamp duty

Of interest to buy to let investors/cash buyers: Rare opportunity to acquire this virtual freehold shop on a busy parade in West Hendon.
The shop fronts Hendon Broadway and is for sale. Please note the virtual freehold is for sale for a term of 999 years from 2015 at a ground rent of peppercorn. The total useful floor space for the premises is 667 sq. ft.

The rental income received per annum is £14,000. Please note the tenant is on a tenancy at will and will be on an FRI lease at completion. The terms of this separate lease are to be negotiated.

Excellent investment opportunity for an investor to acquire a virtual freehold premise below market value, with a tenant that has been established for the past 10 years.

Offers over in the region of £230,000 only.

Please note no accommodation is included. We are acting on behalf of the virtual freeholder who is disposing of the virtual freehold and is on a separate title from the freehold of the building. The shop comprises of a ground floor retail unit with no rear access or parking. The retail area comprises of a shop unit with back storage area, toilet and food storage.

The buyer of the virtual freehold will be responsible for their own legal costs and the seller's legal costs incurred in this transaction.

Viewing strictly by appointment only. Please ring Glenmore Properties on 0208 604 5040 for further information or to view the premises.
Please do not approach the business at any point without viewing.

Arrange a Viewing


Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.