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Express Interest in this Property

Motor Garage, St John’s Wood, Central London

Enterprise Garage, Langford Court, Langford Place, St Johns Wood, London, NW8 0LL

Basic Facts

Property ID: 3568 Post Updated: 2023-08-16 11:09:53
Status: Type:
Tenure: Leasehold Gross Rent: £ 52,000
Gross Yield %: 8 Lease Term: 10 yrs from April 2018
VAT applicable: Yes

Property Description

  • Long leasehold motor investment in Central London
  • The property comprises a lower ground floor self-contained garage premises which undertakes MOTs and servicing.
  • The property forms part of Langford Court, a substantial residential building
  • 99 years lease from 1997 with the freeholder
  • Current tenant: Hampsted Motor Services UK Ltd
  • Annual Rental income: £52,000
  • Current lease with tenant: 10 years from April 2018
  • Market Rent review: April 2023 (outstanding)
  • No ground rent is required to be paid (peppercorn rent)

Location Description

  • The property is situated on Langford Place and accessed via Abbey Road (B507).
  • The B507 leads directly to St John’s Wood Road which in turn provides access to Lord’s Cricket Ground, Park Road, Regent’s Park, the A41 and Marylebone Road.
  • It is 1.5 miles north of London’s West End, 1.7 miles south-west of Hampstead Heath, 900 metres from Regents Park Roads: B507 (Abbey Road), A5205 (St John’s Wood Road), A41 (Park Road), A501 (Marylebone Road).
  • It is 300 metres west of St John’s Wood London Underground Station (Jubilee Line) and within 1 mile of Maida Vale, Swiss Cottage and Kilburn Park London Underground Stations.

Additional Notes

  • The property is held leashold for a term of 99 years (less 10 days) from 29th September 1977 at a peppercorn rent.

Features

£500k - £1m
Customer car parking
No Break clauses
Prime location
Reversionary Opportunity

View on Map

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