• Broker Sejal Kamani 8081965306

Enterprise Garage Langford Ct 2,013 SF Industrial Building London NW8 0LL $862,252 ($428.34/SF)

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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)

PROPERTY FACTS

Price $862,252
Price Per SF $428.34
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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ADDITIONAL PHOTOS

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