Michael Berman & Co - Mixed-Use Sale - London NW7, 60160A The Broadway

Date: 01 May 2001

Acting on behalf of private clients, Michael Berman & Co have sold an investment by way of a sale and leaseback at 60160A The Broadway, Mill Hill, London NW7 3DA, comprising a shop and three roomed flat above.

A new full repairing and insuring lease for a term of fifteen years, subject to five year reviews, was granted at a rent of £22,000 per annum exclusive.

A price of £237,000 was paid for the freehold interest, representing a net initial yield of 9%, allowing for normal purchasing costs.

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