Property photos
Just added
£45,000
(£61.22/sq. ft)
Retail premises for sale
The Broadway, Mill Hill, London NW7735 sq. ft
Local area information
Property location
Nearby amenities
- St Martin's School 0.1 miles
- Mill Hill Broadway 0.1 miles
- Mathilda Marks-Kennedy Jewish Primary School 0.4 miles
- Burnt Oak 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Mill Hill East and Mill Hill to find out more about the local area.
Features and description
Location: Mill Hill is a prosperous North London suburb within the London Borough of Barnet. Multiples represented include Marks & Spencer Food Hall, Iceland, Gail’s, Pizza Express, Tesco Express, Wenzel’s, Costa Coffee & Boots.
Accommodation: Comprises two lock up shops together with 2 flats (sold off). The shops afford the following approximate floor areas:
28 the broadway
Ground floor area: 520 sq ft approx.
28A the broadway
Ground floor area: 235 sq ft approx.
Tenancies & incomes
No 28 trades as Hanna Nails and Spa on a Fri lease for a term of 10 years from September 2023 subject to an upward rent review in September 2028 at a current rent of £21,000 per annum exclusive. A rent deposit of £5,250 is being held.
Nb: The tenant has been in occupation since 1982.
No 28A trades as Untouchables Barber on an Fri lease for a term of 15 years from March 2013 subject to an upward only rent review at 3 yearly intervals at a current rent of £9,000 per annum exclusive.
Nb: The March 2025 rent review was not implemented.
The two flats have been sold on long leases, one with an unexpired term of 149 years at a peppercorn rent and the other with 85 years unexpired at a current ground rent of £200 per annum.
Total current income: £30,200 per annum exclusive.
Price: £450,000 subject to contract for the benefit of the Freehold interest with tenancies and income as above.
EPC: 28 The Broadway: D
28A The Broadway: C
legal costs: Each party to be responsible for their own costs incurred.
Accommodation: Comprises two lock up shops together with 2 flats (sold off). The shops afford the following approximate floor areas:
28 the broadway
Ground floor area: 520 sq ft approx.
28A the broadway
Ground floor area: 235 sq ft approx.
Tenancies & incomes
No 28 trades as Hanna Nails and Spa on a Fri lease for a term of 10 years from September 2023 subject to an upward rent review in September 2028 at a current rent of £21,000 per annum exclusive. A rent deposit of £5,250 is being held.
Nb: The tenant has been in occupation since 1982.
No 28A trades as Untouchables Barber on an Fri lease for a term of 15 years from March 2013 subject to an upward only rent review at 3 yearly intervals at a current rent of £9,000 per annum exclusive.
Nb: The March 2025 rent review was not implemented.
The two flats have been sold on long leases, one with an unexpired term of 149 years at a peppercorn rent and the other with 85 years unexpired at a current ground rent of £200 per annum.
Total current income: £30,200 per annum exclusive.
Price: £450,000 subject to contract for the benefit of the Freehold interest with tenancies and income as above.
EPC: 28 The Broadway: D
28A The Broadway: C
legal costs: Each party to be responsible for their own costs incurred.
More information
Listed by
Michael Berman & Co
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