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54 High Street, Northwood, Middlesex, HA6

££825,000

Commercial Property For Sale

LOCATION
The property is situated in the popular area of Old Northwood, home to a variety of local shops and businesses.  It is about 10 minutes walk from Northwood Town Centre and Metropolitan Line Station.

DESCRIPTION
A 3 storey building with a shop at ground floor level and 2 flats above.   The flats are approached through an archway which also leads to other properties at the rear.
Ground Floor
The ground floor is occupied by 'Melodies' which is a well established music tuition centre.  The space has been divided to form a number of studios plus a kitchen and 2 WC’s.  They have been at the property for about 20 years.  The net internal floor area is 552 sq ft (51.3 sqm).

First Floor Flat
2 bedrooms
Living room with balcony
Large kitchen
Bathroom/WC
Double glazed with central heating
The flat is modernised and has been maintained to a good standard.

Second Floor Flat
2 bedrooms
Living room with balcony
Large kitchen
Bathroom/WC
Double glazed with central heating
Modernised and maintained to a good standard.

LEASES
Ground Floor
Let on a full repairing and insuring lease expiring 15.10.25 at a rent of£11,500 per annum.
Flat 54A
Currently vacant but being remarketed to achieve a rent of £1,250 per month.
Flat 54B
Let on an Assured Shorthold Tenancy to 24.09.25 at a rent of £1,250 per month rising to £1,300 per month from 25.09.24, subject to mutual annual break clauses.

PRICE
Our client owns the Freehold and has granted two long leasehold interests to himself in respect of the flats.  The property can be sold to a single entity or split and the sale is subject to the occupational leases referred to above.   The whole property is to be sold as a simultaneous transaction.  
Guide price £825,000 (No VAT).

EPCs
Energy Performance Certificates (EPC’s) are available upon request.  The property has asset ratings as follows:
Ground Floor No.54
EPC E/124
Flat 54A
EPC C/71
Flat 54B
EPC D/66

VIEWING
Strictly by appointment through VDBM on 01923 845222

Tenure: Freehold

No floorplans available for this property

No EPC available for this property

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Office Details

Northwood
VDBM
30A Green Lane
Northwood, Middlesex
HA6 2QB

01923 845 222
property@vdbm.co.uk

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