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9 Church Ln

1,606 SF Retail Building London N2 8DX $854,420 ($532/SF) 3.82% Cap Rate

Storefront Properties 9 Church Ln, London, LND N2 8DX

Investment Highlights

  • Heavy daytime footfall
  • Short walk to East Finchley Underground Station
  • Great local amenities

Executive Summary

The ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates. Expiring 19th December 2033. The lease is contracted outside the Landlord and Tenant Act 1954.
Rent review 20th December 2027 and 4 yearly thereafter.
There is a mutual break clause effective from 20th December 2027 subject to either party giving 6 months prior written notice.
The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a monthy rent of £1,575
TOTAL INCOME: £44,700 per annum

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,606 SF
Building Class
B
Year Built
1969
Price
$854,420
Price Per SF
$532
Cap Rate
3.82%
NOI
$32,658
Tenancy
Single
Building Height
2 Stories

Amenities

  • Security System
  • Automatic Blinds
  • Storage Space

Links

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Nearby Major Retailers

Iceland
Caffe Nero
Sainsbury's
Pure Gym
Ask
Wagamama
Nando's
Santander
Barclays
Tesco
+44 20 3879 4189

  • Listing ID: 32206578

  • Date on Market: 6/21/2024

  • Last Updated:

  • Address: 9 Church Ln, London N2 8DX

The Retail Property at 9 Church Ln, London, N2 8DX is currently available For Sale. Contact Dutch & Dutch for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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9 Church Ln
+44 20 3879 4189 x

9 Church Ln

1/2

Martin Berg

+44 20 3879 4189

+44 20 3879 4189

David Raphael

+44 20 3879 4189

+44 20 3879 4189

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