Enterprise Garage Langford Ct 2,013 SF Industrial Building London NW8 0LL $839,804 ($417.19/SF)
INVESTMENT HIGHLIGHTS
- Long leasehold motor investment in Central London
- The property forms part of Langford Court, a substantial residential building
- Current tenant: Hampsted Motor Services UK Ltd
- The property comprises a lower ground floor self-contained garage premises which undertakes MOTs and servicing
- 99 years lease from 1997 with the freeholder
- Annual Rental income: £52,000
EXECUTIVE SUMMARY
Long leasehold motor investment in Central London
The property comprises a lower ground floor self-contained garage premises which undertakes MOTs and servicing.
The property forms part of Langford Court, a substantial residential building
99 years lease from 1997 with the freeholder
Current tenant: Hampsted Motor Services UK Ltd
Annual Rental income: £52,000
Current lease with tenant: 10 years from April 2018
Last Market Rent review: April 2023 with 6 months break clause
No ground rent is required to be paid (peppercorn rent)
The property comprises a lower ground floor self-contained garage premises which undertakes MOTs and servicing.
The property forms part of Langford Court, a substantial residential building
99 years lease from 1997 with the freeholder
Current tenant: Hampsted Motor Services UK Ltd
Annual Rental income: £52,000
Current lease with tenant: 10 years from April 2018
Last Market Rent review: April 2023 with 6 months break clause
No ground rent is required to be paid (peppercorn rent)
PROPERTY FACTS
| Price | $839,804 |
| Price Per SF | $417.19 |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Rentable Building Area | 2,013 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Tenancy | Single |
| Cross Streets | Langford Place |
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