Property Details - 32 Watling Avenue, Edgware, Middlesex

Photo of 32 Watling Avenue, Edgware, Middlesex

Sold Prior

By Order of Fixed Charge Receivers

Lot 10

This freehold shop and uppers is located off Burnt Oak Broadway in a busy trading area. Numerous local traders along with larger users occupy this road. Additionally Burnt Oak Station (Northern Line) that also has a large adjacent pay and display car park is within a few hundred yards. Good road links serve the area with the A1, M1 and M25 all being within easy reach. The property consists of a shop unit to the ground floor that will be vacant prior to completion and a split level five bedroom flat above. The residential part is currently let to Genesis Housing Association on a 3 year lease from 4th September 2017 at a rent of £17,420 per annum. The property will be sold with the benefit of ongoing income from this tenancy. This property offers an ideal investment opportunity.

ACCOMMODATION

Ground Floor consisting of vacant shop unit approximately 642 sf.
Maisonette - Entrance with Stairs to Landing, Living Room, Kitchen, Bathroom, Bedroom One, Second Floor Landing, Bedroom Two, Bedroom Three, Bedroom Four, Bedroom Five.

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

London Borough of Barnet 0208 359 2000
Shop Rateable Value £16,500
Maisonette Council Tax Band D

VIEWING TIMES

Tuesday 30/1 @ 11am
Thursday 8/2 @ 11am

NOTE

There will be an extended completion of 6 weeks for this property

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

32 Watling Avenue, Edgware, Middlesex