Cricklewood Broadway, London NW2

  Ref 024622    

Cricklewood Broadway, London NW2

Ref 024622

  • £5,600,000  

    For Sale

    £5,600,000  

    For Sale

    • Description

    Substantial corner building arranged as large commercial premises over ground and basement plus 12 flats at the rear and upper parts. The commercial element is currently let to 84 West Brasserie and Grill, a sophisticated main-stay serving elevated African influence dishes and steaks. No expense has been spared when fitting out the premises with amazing interior décor. The restaurant has a strong clientele base. The restaurant is arranged as large open plan on the ground floor with additional mezzanine seating. The floor to ceiling height is 4.53m. There is a fully fitted kitchen and wash area on ground floor with additional storage/prep area and WC’s on the lower ground floor. The residential element comprises 10 x studio/1 bed flats, 1 x 3 bed flat and 1 x 4 bed flats that are all currently occupied.

    Gallery

    Areas (shop)

    Ground floor front 1057 sq ft (98.2 sq m) Mezzanine 290 sq ft (27 sq m) Ground floor rear seating 490 sq ft (45.5 sq m) Kitchen 280 sq ft (26 sq m) Wash area 69.5 sq ft (6.46 sq m) Office 92 sq ft (8.6 sq m) Total area 2906 sq ft (270 sq m)

    Tenancies

    Shop—Let on a 15 year full repairing and insuring lease from 15th December 2013 with 5 yearly rent reviews at £60,000 pa. The flats are let on AST (assured shorthold tenancy agreements) The total income for both the restaurant and flat is £263,155 pa

    The whole building is available freehold at £5.6m, subject to the current tenancies. NB Our client would also consider selling just the commercial element, subject to the existing tenancy at £2.6m.

    Location

    Situated in Cricklewood Broadway where it meets Ebbsfleet Road and opposite Anson Road. Cricklewood Broadway is a popular shopping destination and is serviced by a dense residential population. There is an abundance of retail premises including boutiques and many household names as well as food and beverage offerings. Cricklewood Railway Station (Thameslink) is a short walk away and access to the North Circular (A406) is easy by bus or car. Nearby towns include Hampstead, West Hampstead, Kilburn and Golders Green.

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    For Sale

    £5,600,000