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
Last Market Rent review: April 2023 with 6 months break clause
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.