2 Burroughs Parade, London, LND

The property comprises a mid-terraced building of London Stock brick construction, arranged over three storeys and totaling 1,204 sq ft NIA of commercial space on the ground floor only.
The property is located within the north London suburb of Hendon and forms part of a small local parade of shops. The Burroughs Road links the A41 and the A1, leading to the A406 trunk road and the M1. Hendon Central underground station and mainline station are also within a mile distant.

Sale Notes:
The investment opportunity comprises a mixed retail and residential building in an affluent residential area. The commercial element is let until Sept 2017 on a passing rent of £20,500 per annum with four yearly rent reviews. There is also good scope for redevelopment or a large rear extension subject to planning.
Offers are sought for the freehold interest in excess of £915,000 subjuect to contract and exclusive of VAT. The commercial element is let to Toan Hung Ngo and Toan Thang Ngo (t/a Liso Noodle Bar) on a 25 year lease until Sept 2017, at a passing rent of £20,500 pa with four yearly rent reviews, the next one being in Sept 2013. The residential element has been let on a room by room basis and produces an annual rental income of £57,300.