PROPERTIES

551-557 Finchley Road, London NW3 7BJ

Price£7,200,000

PDF DETAILS

551-557 Finchley Road, London NW3 7BJ

  • Price£7,200,000
  • Income£214,000 pa
  • SectorLeisure
  • StatusAvailable
PDF DETAILS

Unique London Investment and Development Opportunity

Summary

  • Unique opportunity to acquire an established language school located in the affluent London suburb of Hampstead.
  • Situated on the western side of Finchley Road, close to the junction with Fortune Green Road and Platt's Lane.
  • GIA of approximately 14,391 sq ft.
  • Let to Experience English Ltd and trading as BSC (British Study Centres).
  • Tenant has exercised option to break in February 2020.
  • Total current rent of £214,000 pa.
  • Freehold.
  • Seeking offers in excess of £7,200,000 subject to contract and exclusive of VAT, reflecting an attractive capital value of £500 per sq ft.
  • May be suitable for alternative uses to include:
  • Refurbishment back to offices including potential flexible and co-working accommodation.
  • Re-gear with existing tenant or re-let to another educational user (existing D1 use).
  • Refurbish/convert to mixed use scheme to include retail at ground floor subject to planning.
  • Conversion to residential subject to planning.
  • Convert to serviced apartment or apart-hotel subject to planning.
  • Conversion of the ground floor accommodation into several self contained retail units, while retaining the upper parts for office or residential use.