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217 Colin Parade, Edgware Road, Colindale, LONDON NW9 6LP

Guide Price
£499,500

£355.77 per sq ft

Business rates & charges may apply

Gilmartin Ley, London
SIZE AVAILABLE

1,404 sq ft

130 sq m

SECTOR

Mixed use property for sale

USE CLASSUse class orders: A1 Shops and Class E

A1, E

Key features

  • Highly reversionary freehold mixed use (retail and regulated tenancy residential) investment for sale
  • Residential rent has not been increased since 2013
  • Gross Internal Area: 131 sq m (1,404 sq ft)
  • Desirable North-West London location
  • Bustling retail parade with an abundance of retailers, eateries and leisure facilities
  • Excellent public transport communications
  • 850m to Colindale London Underground Station (Northern Line)
  • 1.25km to Hendon Station (Thameslink)
  • Brent Cross Shopping Centre: 2km

Description

The property comprises a mid terrace mixed use building arranged over ground, first and second floors and occupying a plot of 0.03 acres.

The ground floor lock up shop is let on a 15 year lease from 27th May 2022 and is currently trading as a mini-market. The space is predominantly retailing / sales area towards the front of the property, with a rear storage room (featuring an increased ceiling height of 3.84m to part) and WC.

The first and second floors comprise a 4 bedroom maisonette with a large private garden. The property is let on a regulated tenancy with a passing rent of £5,954 per annum and is in a dated condition. We understand the rent has not been increased since 2013.

Copies of the tenancies are available to download from our website.

Location:
Situated on the west side of Edgware Road (A5) between Hendon and Colindale the property is located on a vibrant section of a retail parade between Wakemans Hill Avenue and Springfield Mount. Local occupiers in the immediate vicinity include Premier Inn (Hendon - The Hyde), Lexus Edgware Road, J D Weatherspoon, Costa Coffee, The Post Office, Jemca Toyota, Morrisons and The Gym Group, as well as an abundance of independent retailers, eateries and leisure facilities. Brent Cross Shopping Centre and the nearby Cricklewood regeneration is approximately 2km to the south.

There are excellent public transport communications, with Colindale London Underground Station (Northern Line) 850m to the north of the property and Hendon Station (Thameslink) located 1.25km to the south-east. There are a number of bus routes providing connections to Brent Cross, Kilburn, Edgware and Watford which stop in the immediate vicinity of the property.

Brochures

217 Colin Parade, Edgware Road, Colindale, LONDON NW9 6LP

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Colindale Station0.6 miles
  • Hendon Station0.7 miles
  • Hendon Central Station1.1 miles

About Gilmartin Ley, London

18 Compton Terrace London N1 2UN

Founded in 1979 by Michael Gilmartin, Gilmartin Ley is a family business of chartered surveyors and commercial estate agents based in North London.

At Gilmartin Ley we combine professional property expertise, business acumen and market knowledge in advising our clients on improving, acquiring, selling and renting industrial, commercial and residential development property.

Notes

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