20-21 Northways Parade, Finchley Road, Swiss Cottage, NW3

Location

This retail unit occupies the most prominent corner position just yards from Swiss Cottage tube station, situated between the high footfall of Finchley Road, the affluent residential area of Swiss Cottage and Fitzjohn’s Avenue leading towards Hampstead.

Occupiers in close proximity include Marks and Spencer, WH Smiths, Costa, Holland and Barrett, Argos and a number of banks, independent restaurateurs and retailers. The unit
is to be developed to create floor to ceiling glass to produce an impressive unit fronting both Finchley Road and Fitzjohn’s Avenue.

SITUATION
There are a number of regeneration and development schemes within this affluent area which will only further improve it. 100 Avenue Road has been acquired by Essential Living, who
are to transform this building into a high quality residential development, featuring approximately 200 new private rental homes, with commercial uses on the ground floor. The areas around the site will be transformed through innovative landscaping, high quality materials and new tree-lined pedestrian routes. Swiss cottage is situated in the centre of an affluent
and vibrant area, and is bordered by St John’s Wood, Hampstead, Belsize Park and Primrose Hill.

Accommodation

The shop comprises A1 (and A3 STPP) ground floor and 1st floor sales space and provides the following approximate gross internal floor areas as follows. Currently, the unit comprises of two shops, Unit 20 and Unit 21. The landlord will undertake the work to join these two units together and create one large unit with an impressive frontage.

Ground Floor 1840 sq ft 170.7 sq m
1st Floor 558 sq ft 51.8 sq m

Lease

A new lease on terms to be agreed outside the Landlord and Tenant Act 1954 Part II (as amended).

Rent

£92,000 Per annum exclusive.

Business Rates

Interested parties are advised to make their own enquiries with the relevant council.

To be reassessed. Interested parties are advised to make their own enquiries with the London Borough of Camden (020 7974 6460).

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

Viewing

Please contact:

Ollie Muers-Raby: omuers-raby@ormeretail.co.uk
Peter Woods: pwoods@ormeretail.co.uk

20-21 Northways Parade, Finchley Road, Swiss Cottage, NW3 click to enlarge
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