Prominent Mixed Use Commercial And Residential Investment For Sale - North Circular Road (A406), London NW10

The subject property is situated on the south side of the North Circular (A406) and is highly visible from both sides of the dual carriageway, occupying a prominent position opposite Tesco and Ikea Wembley.  Wembley Stadium is only 1500 metres to the west of the property.

The property is 0.3 miles west of Neasden Underground Station (Jubilee line) with easy access into Central London. Stonebridge Park Railway Station is approximately one mile to the south-west providing access into Charing Cross and London Waterloo Stations.

There are excellent road connections, with the A406 providing direct access around the perimiter of inner London. Junction 1 of the M1 motorway is 2 miles to the north-east and Junction 2 of the M4 motorway is  approximatley 4 miles to the south-west.

The property comprises a prominent mixed use commercial and residential investment currently producing £63,148 per annum.

The ground floor has been sub-partitioned to form a number of cellular offices and basement storage with good ceiling height. The income from the residential element of the property is derived from the ground rents of eleven two bedroom flats which have been sold on long leases and the rental income from Flat 8 which has been retained and is let on an Assured Shorthold Tenancy.

Eight of the long leasehold flats have only 62 years remaining on their leases.

The western flank elevation is in part taken up by an advertising hoarding (with potential advertising hoarding space to the east elevation) and there are three telephone masts sited on the roof of the property, all of which are fully let.

There is free parking to the slip road fronting the property and eleven car parking spaces in two bays to the east of the property.