41-47 Manor Park Crescent, Edgware, Middlesex, HA8 7LY

** For sale by public auction on 22nd May at 12:00 **

Location & Description
The property is located in Edgware on Manor Park Crescent opposite Manor Park Gardens. It is 50m from the junction with Station Road (A5100) in a mixed residential and commercial area. Edgware Tube Station is 100m to the north east. Edgware is 9 miles north west of Central London and can be reached via the A41 and M1 (Junction 4). A major redevelopment is due to be undertaken of the Edgware Transport Interchange, with a new Shopping Complex, and housing (3,000 plus new residential units) on site of Broadwalk Shopping Centre.

The property comprises a 1930's built parade of four retail units and four (x3bed) flats, over ground, first and second floors, with a paved court yard to the rear. Access to the flats is via the rear yard.

Accommodation
The property comprises:

Unit 41 (Stone Masons) - Ground & First Floor: Office, Kitchenette, Store &Toilet 388 Sq Ft (36 Sq M)
Unit 43 (Dry Cleaners) - Ground Floor: Retail area, Rear works area, & Toilet 635 Sq Ft (59 Sq M)
Unit 45 (Beauty Salon) - Ground Floor:Retail area, Two treatment rooms, Kitchen, & Toilet. 764 Sq Ft (71 Sq M)
Unit 47 (Estate Agents) - Ground Floor: Retail area, Office & Toilet 700 Sq Ft (65 Sq M)
Rear Shed:

First Floor Flat 41A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet 957 Sq Ft (89 Sq M)
Second Floor Flat 43A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet. 960 Sq Ft (89 Sq M)
First Floor & Second Flat 45A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet. 1,017 Sq Ft (94 Sq M)
First Floor & Second Flat 47A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet. 995 Sq Ft (92 Sq M)

Lease Details
41- Let to Gary Green Memorials (Stone Masons) - 8 years from 25/12/2022 at £14,200pa
43 - Let to Edgware Dry Cleaners - 8 years from 18/02/2018 at £11,500pa
45 - Let to individual - 9 years from 14/04/2025 at £15,000pa
47 - Let to Melvin Jacobs Estates Ltd - 8 years from 25/03/2025 at £14,500pa
Rear Shed - Let to individual - Tenancy at Will for 3 years from 01/05/2025 at peppercorn

41A - Let to individual on an AST from 10/07/2024 to 05/07/2025 at £19,200pa
43A - Let to individual on an AST from 13/08/2023 to 12/09/2025 at £18,000pa
45A - Let to Notting Hill Genesis on an AST from 02/09/2019 for x5 years at £13,396pa (See note 4)
47A - Let to individual on an AST from 08/04/2024 (periodic) at £16,800 pa

Tenure
Freehold

Note
1. AST - stands for Assured Shorthold Tenancy.
2. The retail unit measurements obtained from EPC's
3. Fixed rental growth - Unit 45 to £18,000pa (2028) and Unit 47 to £17,000pa (2026)
4. 45A is let to Notting Hill Genesis for 5 years with Court Order for possession

Auction Surveyor : Rob Hills
Contact : Robert.

PRODUCING £122,596 PER ANNUM (WITH FIXED RENTAL INCREASES TO UNITS 47 & 45 IN 2026 AND 2028)

EPC Rating
Please refer to legal pack

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