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3rd Floor, 2 Bristol Avenue, N20 0EJ
£350,000
Bedrooms
Bathrooms
A prominently positioned freehold comprising a ground floor commercial unit (short term lease) and selfcontained residential upper parts let on a long leasehold basis. Ideal for investors, owneroccupiers, or developers, located on a thriving high street with strong visibility - and consistent footfall.
Prime position on West Hendon Broadway (A5). Excellent transport links:
Hendon Station (Thameslink) approx. 0.2 miles away.
Hendon Central Station (Northern Line) approx. 0.7 miles away. Area benefiting from Hendon Waterside regeneration
GROUND FLOOR - COMMERCIAL UNIT
Prominent shopfront facing A5
Suitable for Class E (a) Shop premises
Open plan sales area, storage, WC
Lease term 5 years from 18th March 2024
The Landlord or the Tenant can break the lease on two months after service of the Break Notice. The Tenants Break Notice is subject to conditions being met.
Tenant Individuals linked to the Sri Jea Veera Hanuman Temple to the rear of 201 West Hendon Broadway
Current rent 7,500 per annum
Lease is subject to a Schedule of Condition to limit the Tenants repair liability
The lease is contracted out of the Security of Tenure Provisions of the Landlord and Tenant (1954) Act.
UPPER PARTS RESIDENTIAL ACCOMMODATION
Description
Selfcontained entrance
Currently a 6 bed HMO with kitchen and office.
Originally 4-bedroom, 2 receptions 1 bathroom 1 kitchen
1,542 SQ FT / 143 SQ M.
Lease details
Let on a 99 Year Lease from 18th March 1990
Approximately 63 years remaining
Current Tenant - Sirous Real Estates Limited
Peppercorn rent i.e. 0 per annum
LEGAL & COMPLIANCE
Planning Use: Class E (ground) and Class C4 (Uppers)
Business Rates (Rateable Value) - 15,000 pa (from 1st April 2026) on Ground Floor
Council Tax Band C on Upper parts
To be sold subject to current leases
Buyer to rely on own enquiries
VIEWINGS
Strictly by appointment only
Jonny Kuzak
Bumblebee Properties
jonny.kuzak@barnethomes.org
020 8359 3399
DISCLAIMER
These particulars are for guidance only and do not form part of any offer or contract. No representation or warranty is given as to the accuracy of the information and interested parties must rely on their own enquiries and searches.
The Vendor reserves the right to accept or reject any offer and is not obliged to accept the highest or any offer received. The Vendor may amend the details or withdraw the property from the market at any time.
All negotiations are subject to contract, and purchasers will be required to provide identification in line with anti-money laundering regulations.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
3rd Floor, 2 Bristol Avenue, N20 0EJ
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