Summary - 85, AGINCOURT ROAD NW3 2NT
1 bed 1 bath Commercial Development
Long-established barber tenant on a busy NW3 high street, immediate income opportunity.
Established barber tenant trading four years, currently paying £22,000 pa + VAT
Approximate gross yield c.7.9% based on listed price and current rent
Freehold offered as a going concern — vacant possession subject to lease expiry
Only eight years remaining on current lease; lender refusal likely
Very large plot and good high-street visibility, suitable for retail/service use
Above-average local crime rate; buyers should factor security measures
Excellent mobile signal but only average broadband speeds
Mixed traditional frontage with modern, open-plan retail interior
This is a compact freehold commercial building on a busy NW3 high street, offered as a going concern with an established barber tenant. The tenant has traded for four years and currently pays £22,000 pa plus VAT, producing an approximate gross yield of c.7.9% at the listed price. The interior mixes traditional frontage with a larger, modern open-plan retail space, suited to continuing retail or service use.
Important financing and lease details are straightforward but material: the current lease has only eight years remaining. Many mortgage lenders are likely to refuse lending on properties with short occupational leases, which will affect some buyers and may limit mortgage-based purchasers. Prospective buyers should verify lending options and consider lease extension or alternative funding routes.
Practical positives include excellent mobile signal, good visibility on a busy street, and a very large plot for the location. Drawbacks to note are above-average local crime levels and average broadband speeds. The property suits investors seeking immediate income and an asset with clear scope for negotiation on lease terms or repositioning once the lease is managed.
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