Key PointsArranged over ground and first floorFreeholdThe first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a rent of £18,900 per annumThe ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of ratesTotal income of £44,700 per annumPopular East Finchley locationSummaryMIXED USE FREEHOLD INVESTMENT FOR SALE IN N2
IDEAL FOR INVESTORSDescriptionThe ground floor Pilates Studio is let to Pilates Nation Ltd from 20th December 2023 for a term of 10 years at a rent of £25,800 per annum exclusive of rates. Expiring 19th December 2033. The lease is contracted outside the Landlord and Tenant Act 1954.
Rent review 20th December 2027 and 4 yearly thereafter.
There is a mutual break clause effective from 20th December 2027 subject to either party giving 6 months prior written notice.
The first-floor 2 Bedroom flat is let on an AST for a term expiring 11th March 2025 at a monthy rent of £1,575
TOTAL INCOME: £44,700 per annumLocationLocated at 9 Church Lane, N2, this mixed-use freehold building is in a well established gentrified suburb of North London in the shape of its excellent schools, streets of period houses, independent shops, cafes and restaurants and great transport links.
East Finchley Station on the Northern Line allowing quick and easy access into Central London.ViewingsViewings strictly via Dutch & DutchTermsFreehold with tenancy information available on request.Availability_textThe accommodation comprises the following areas:
