£600,000
5 bed property for saleFreehold Investment Opportunity - Edgware Road, Colindale NW9
5 beds
3 baths
3 receptions
- Freehold
Finchleys
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About this property
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
**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.
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