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COMMERCIAL

Freehold Investment Opportunity - Edgware Road, Colindale, NW9

£600,000
Finchleys, Finchley
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

**Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £600,000**

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, CoBrochure

Freehold 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

About Finchleys, Finchley

11 - 11a Station Road, London, N3 2SB
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Since opening our office in Station Road, Finchley Central, North London in 2009, Finchleys have become a well-respected independent Estate Agent specialising in Sales, Letting and Property Management.

We have built ourselves an enviable reputation for experience and service with Landlords, Tenants, Vendors and Purchasers.

It is reassuring to know that one company has retained its identity and still believes in the traditional values of achieving results through our customer service and experience.

The staff at Finchleys are a committed team who believe that customer care is the ultimate priority.

Notes

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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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