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358 Neasden Lane North, London NW10 0BT

HIGH STREET SHOP WITH STUDIO FLAT TO REAR PRODUCING £8,500 PA

This ground floor commercial premises is currently used as a massage parlour and is let on a 10 year lease starting October 2016 for a rental income of £833.33 pcm (£10,000 pa). In addition, to the rear of the shop is a one bedroom flat producing an additional £8,500 pa. We understand the current tenants are holding over on the original terms of the Assured Shorthold Tenancy. The shop is located close to other local shops and amenities, including Tesco Express and Santander. Good transport links serve the area including the A406 North Circular Road and Neasden Underground Station, served by the Jubilee Line. This property will be of interest to investment purchasers.

ACCOMMODATION

Shop area approx 44.39m2 Flat: reception room, open plan kitchen, bedroom, shower room with WC

TENURE

Leasehold - 999 years from 1 January 2008

LOCAL AUTHORITY & TAX RATING

London Borough of Brent 020 8937 1234 Rateable Value: £12,750

VIEWING TIMES

By appointment through the Auctioneers

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

1. Buyers Premium of £600 inclusive of VAT
2. Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.