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772 Finchley Rd

724 SF 100% Leased Retail Building London NW11 7TH $1,048,218 ($1,448/SF)

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Investment Highlights

Income producing freehold shop & upper part for sale
Property lends itself (STP) to create 2 self-contained flats/possible HMO's

Shop over ground floor & basement plus 3 bed flat over 1st & 2nd floor

Executive Summary

Shop arranged over ground floor & basement trading as a café/restaurant with a duplex self-contained flat over 1st & 2nd floors. The shop has been trading as a café for many years and is let on a 16 year FRI lease from 4th June 2015 with 4 yearly rent reviews at £23,500 pa. The rent review of June 2023 is outstanding. The upper part comprises a 3 bedroom flat with kitchen/bathroom at 1st floor level, together with large reception room and 2nd floor comprises 3 bedrooms. The flat is let on an AST at £16,500 pa. In our view this flat is under-rented. The residential element lends itself (subject to planning) to create two self-contained flats. There is the right to park at the rear.

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