105-105A Ballards Ln 4,172 SF 100% Leased Retail Building London N3 1XY $1,132,533 ($271.46/SF)

Sale of virtual freehold 999 years lease at a peppercorn ground rent for sale subject to the 10-year lease to Superdrug Stores plc dated 28th September 2018, with a current passing rent of £55,000 pax with outstanding rent review Sept. 2023, which has been agreed at £60,000 pax as of 15/09/2024.
The property is located on the north side of Ballard’s Lane in the parade of shops between Falkland Avenue and Cornwall Avenue, just 385 metres north of the intersection between Ballard’s Lane, Nether Street and Regents Park Road. Being one of the most sought-after locations in suburban North London. The location also provides an abundance of leisure, shopping, and entertainment facilities as well as pubs and bars. Occupiers in the immediate vicinity include Subway, KFC, Costa Coffee, Tesco, Dreams and Greggs, as well as independently run shops, cafes, and restaurants. The property has superb communications links with Finchley Central Underground Station (Northern Line) southeast of the property. This provides frequent southbound services to Bank Station with a travel time 27 minutes and Charing Cross Station with a travel time 23 minutes. There are regular northbound services to High Barnet Station with a travel time 10 minutes. Additionally, Ballard’s Lane is a major bus route along which there are numerous services running at frequent intervals. There is easy access to main road communications including the North Circular Road (A406), M1.
ORIO £850,000.