Freehold Investment Opportunity - Edgware Road, Colindale, NW9
- PROPERTY TYPE
Mixed Use
- BEDROOMS
5
- BATHROOMS
3
- SIZE
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Key features
- Freehold mixed-use building in a high-demand location
- Secure rental income from commercial and residential tenants
- Asset management potential – future lease extension value on first floor flat
- Close proximity to Colindale Underground Station (Northern Line)
- Excellent main road visibility and transport links
Description
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.
Freehold Investment Opportunity
An excellent mixed-use mid terraced building comprising a ground floor retail unit with a self-contained flat above and a separate self contained flat to the rear situated on the bustling Edgware Road (A5). The property generates a strong rental income and offers long-term investment potential.
The Freehold includes:
(Shop) – Currently let and producing £17,650 per annum, with approximately 8 years remaining on the lease and rent reviews included.
(Ground Floor Flat) – Owned and tenanted by client, producing £13,200 per annum.
(First Floor Flat) – Sold on a long leasehold with approximately 60 years remaining on the lease.
Total Current Income: £30,850 per annum (excluding the sold flat)
The tenant of the Restaurant also trades from the adjoining unit (No. 275) which interconnects with No. 277 at ground floor level, but No. 275 is not included with the Freehold being offered.
Brochures
Freehold Investment Opportunity - Edgware Road, CoBrochureFreehold Investment Opportunity - Edgware Road, Colindale, NW9
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colindale Station0.5 miles
- Hendon Station0.9 miles
- Burnt Oak Station1.1 miles
Notes
Disclaimer - Property reference 34224039. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Finchleys, Finchley. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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