Lot 40 Click here for addendum
6 Week completion
Located in this established parade close to the junction with High Street amongst a variety of local traders serving the surrounding residential area.
Northwood is a prosperous and sought after residential suburb which lies approx. 14 miles north-west of central London and being approx. 4 miles to the M25 (Junction 18).
Forming part of a semi-detached building comprising a Ground Floor Shop.
Ground Floor Shop
Gross Frontage 18'11”
Internal Width 16'11”
narrowing at rear to 11'0”
Shop Depth 23'0”
Built Depth 28'4”
VAT is NOT applicable to this Lot
Leasehold for a term of 189 years from 24th June 1985 (thus having approx. 157½ years unexpired) at a peppercorn ground rent.
The property is let on a repairing and insuring lease by way of service charge to London Supps Ltd (Vitamins and nutrition supplements retailer having 4 branches - tenant projects to open 10 locations in and around London within the next 2 years - source: www.londonsupplements.co.uk) for a term of 5 years from 4th March 2016 (renewal of a previous lease - in occupation since 2013) at a current rent of £10,000 per annum exclusive rising to £12,500 p.a. in 2019.