Contact a manager at, and we will find you a suitable Investment projects or property from among our 80,000 offers across 57 countries around the globe

Long Leasehold Retail Investment

1,500,000 £
Send a request
Total area: 503 m² Yield: 8.0%
Send a request
  • 5-floor building
  • Number of parking lots: 18


The property forms the ground floor retail unit of a larger

mixed use development. The development consists of a five

storey building with residential accommodation on the upper

four floors, basement car parking below and is of brick

construction set beneath a sheet clad roof.

The property comprises a large ground floor ‘L-shaped’ retail

unit with basement ancillary accommodation. The property

also benefits from car parking for 18 cars with 12 surface

spaces around the perimeter of the building, and a further 6

 paces demised within the basement car parking area.


We have instructions to seek offers in excess of £ 1,500,000 (One Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT for our client’s freehold interest. A purchase at this price would show an investor an approximate net initial yield of 8%, assuming normal purchasers costs of 5.8%.

Rental Value

We devalue the current rent passing of £ 120,800 per annum for the retail accommodation to an overall rate of

£ 25.88 per sq ft, applying a rate of £ 3.00 to the ancillary accommodation.


The ground floor retail unit is let to F. W. Evans Cycles (UK) Ltd on a 15 year effective full repairing and insuring lease from 4th May 2007 (approximately 7.5 years unexpired) at a current rent of £ 120,800 per annum.

The lease is subject to five yearly upward only rent reviews with the next review due on 4th May 2017.

In addition, the tenant is required to pay a further £ 6,000 per annum for the 6 spaces that are demised in the basement.

The total current income is £ 126,800 per annum.


The property is elected for VAT.


Hendon is a popular north west London suburb situated in the

Borough of Barnet approximately 7.5 miles north of central

London and in close proximity to Edgware, Brent Cross and


More properties

If this property wasn’t for you, take a look at other investment projects for sale in the United Kingdom.

You can see more investment projects for sale in London elsewhere on our website.

Similar listings

We select ads that may interest you.

Submit a request for a purpose proposal
Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in London
+44 20 3608 1267
Send a request
    When you submit a request, you agree to our terms and conditions
    • Bank financing from 2% annually
    • Construction site audits
    • Management company services