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FREEHOLD SHOP AND UPPERS INVESTMENT WITH YARD

Lot 30

107 Burnt Oak Broadway, Edgware, Middlesex

Photo of 107 Burnt Oak Broadway, Edgware, Middlesex
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FREEHOLD SHOP AND UPPERS INVESTMENT WITH YARD

Lot 30

This mid terraced brick constructed building is situated on the west side of the Edgware Road (A5) in the heart of Burnt Oak. The area is occupied by numerous local traders and national operators including Santander, Ladbrokes and Corals. The commercial element has been let on a 20 year full repairing and insuring lease with 5 yearly rent reviews at an initial passing rent of 23,500 pa. This lease commenced in September 2009 and there is a six month rent deposit in place. The upper part is a two bedroom, one reception room flat that is let on an Assured Shorthold Tenancy at a rent of 800 pcm (9,600 pa). We understand that the initial 12 month term has passed and that the tenant is holding over on the original terms. To the rear of the property is a yard that includes 4 parking spaces. The property is sold with the benefit of the investment income and will be of interest to investment purchasers.

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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.

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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.

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