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Lot 29 - FREEHOLD COMMERCIAL INVESTMENT - SHOP LET AT £20,000 P.A.

97 Frampton Street, London, NW8 8NA

Sold for £216,000
Thu Feb 20 2025
12:00pm

Property Description

A mid terrace property comprising a ground floor shop and basement with separate front access to 3 self-contained flats above. Located in this popular mixed commercial/residential area just off the A5 Edgware Road, close to Little Venice, within a mile of Regent's Park and about ¼ mile from Edgware Road underground station (Bakerloo line).

(Based on VOA website)

Ground Floor: 452 sq ft (42 sq m)
Basement: 391 sq ft (36.3 sq m)

Ground Floor: Let on a repairing and insuring lease to Matlotlo 3 Ltd (by way of assignment) for 40 years from 26.05.2005 at a rent of £20,000 p.a. Rent Reviews 2025 & 5 yearly. £5,000 Rent Deposit held.
3 Flats: Each subject to a long lease at a peppercorn.

PRODUCING £20,000 p.a.

B

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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