Watford Way, Mill Hill NW7

  Ref 024985    

Watford Way, Mill Hill NW7

Ref 024985

  • £2,200,000  

    For Sale

    £2,200,000  

    For Sale

    • Description

    A freehold investment comprising a day nursery at ground floor level and 7 residential flats above. Four of the flats are let on Assured Shorthold Tenancies (AST’s) and three sold off on long leases of which one of those is a lease with around 70 years remaining. The covenant of the day nursery at ground floor level is excellent and they are trading from five locations. This offers an opportunity to receive regular and continued income and the potential for long term rental growth. The ground floor premises also includes a front forecourt and rear play area/parking area. There is also an option to purchase just the ground floor commercial Investment freehold and a long lease will be granted back on the upper part to the seller.

    Gallery

    Areas

    Total area: approximately 3,534 sq ft (328 sqm) + substantial forecourt and rear parking/loading.

    Tenure

    Freehold – subject to the current tenancies

    Terms

    Offers invited in the region of £2.2m

    Location

    Situated at the northern end of the A41 Watford Way close to the roundabout at Mill Hill and close to Mill Hill Broadway. Mill Hill is an affluent area with good quality restaurants and shops and is serviced by road, bus and overground train service from Mill Hill Broadway. The A41 is the main thoroughfare to the A1 leading to Central London.

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    For Sale

    £2,200,000