Keller Williams UK
3 bed Commercial For Sale

306/306A Neasden Lane, London

£600,000 Guide Price

Property Description

  • Busy Location
  • Large Split Level Three Bedroom Flat
  • Approximate 8.5% Net Yield
  • Shop, Three Offices and Flat

Richard Harman is excited to offer to the market this commercial/residential property for sale. The property is located on Neasden Lane NW10 in a popular shopping area. There are a range of shops on the road including supermarkets, independent shops, Post Office, bakeries, cafes, restaurants and much more. The property is within 0.5 miles from Neasden Train Station allowing easy access to the City. There are several schools close by including Wykeham Primary School 0.3 miles away, The Crest Academy 0.6 miles away, Braintcroft Primary School 0.7 miles away and Menorah Girls School is 0.9 miles away. The property is ideally located for passing trade and local residence.

On the ground floor the property comprises of a shop with frontage, currently run as a Hair & Beauty salon. There are three further offices all currently let out to tenants. There is also a kitchen area, two WC's and sink. The ground floor measures in total 103m2.

On the first and second floors of the property there is a three bedroom, split level, residential flat. To access the flat there are two options. Either using a front door on the street/ground level, or there is access to the flat at the rear of the shop. On the first floor of the property there is a separate modern fitted kitchen, large dining/living room with fire place, a second reception also with a fire place and a large single bedroom. There are also stairs that go down to the front door at street level. On the second floor there is a spacious bright principal double bedroom, a second double bedroom and a family bathroom with white suite and tiles.

Rent Break Down
Unit 1. £1300 PCM
Unit2. £600 PCM
Unit3. £600 PCM
Unit4. £600 PCM
Flat. £1750 PCM

Total: £ 4,850 PCM

Net Yield Approx 8.5%

The auction pack is currently being drafted and will be released shortly through IamSold auctions. Please contact Richard Harman for more information on the property and to arrange a viewing.

Next Viewing Date is Sunday 27th November at 3pm

. For Sale by Modern Auction - T & C's apply

. Subject to Reserve Price

. Buyers fees apply

. The Modern Method of Auction

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the iamsold will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.
Council tax band: C

To discuss this property please contact Richard Harman on: