311 Hale Lane Edgware London HA8 7AY

311 Hale Lane
Edgware
London
HA8 7AY

Freehold Retail and Residential Investment

  • Retail let to Pizaza Edgware Limited until 2026
  • Includes 1 x two bedroom maisonette
  • 250m north of Edgware Underground Station
  • Nearby occupiers include Nationwide, Tesco, NatWest, Nando’s and Greggs
  • Lot
    23
  • Auction
    11th July 2018
  • Rent
    £40,600 per Annum Exclusive
  • Status
    Sold
  • Price
    £674,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Retail let to Pizaza Edgware Limited until 2026
  • Includes 1 x two bedroom maisonette
  • 250m north of Edgware Underground Station
  • Nearby occupiers include Nationwide, Tesco, NatWest, Nando’s and Greggs
  • Lot 23
  • Auction 11th July 2018
  • Rent
  • Status Sold
  • Price £674,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles north-west of Central London
Roads
A5100, A5, M1 M25
Rail
Edgware Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation

Edgware is a popular North West London suburb. The property is prominently located on the fringe of Edgware town centre on the east side of Hale Lane, just 250 metres from Edgware Underground Station. Nearby occupiers include Nationwide, Tesco, NatWest, Nando’s and Greggs

Tenure

Freehold.

Location
Miles
10 miles north-west of Central London
Roads
A5100, A5, M1 M25
Rail
Edgware Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation

Edgware is a popular North West London suburb. The property is prominently located on the fringe of Edgware town centre on the east side of Hale Lane, just 250 metres from Edgware Underground Station. Nearby occupiers include Nationwide, Tesco, NatWest, Nando’s and Greggs

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with a two bedroom maisonette on the first and second floors. The maisonette is accessed via a separate entrance from the front of the property.

VAT

VAT is not applicable to this lot.

Viewings

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with a two bedroom maisonette on the first and second floors. The maisonette is accessed via a separate entrance from the front of the property.

VAT

VAT is not applicable to this lot.

Viewings

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
(Reversion)
Ground Retail
130.81 sq m
(1,408.07 sq ft)
PIZAZA
EDGWARE
LIMITED (1) on
assignment
20 years from
13/01/2006 until 2026
on a full repairing and
insuring lease
£25,000 13/01/2016
and 2021
First &
Second
Residential
1 x two bedroom maisonette

LIGHTSHIELD
LIMITED
Assured Shorthold
Tenancy for a term of
1 year from
18/03/2017 until
17/03/2018 - Holding
Over
£15,600  
Total Commercial Area
130.81 sq m
(1,408.07 sq ft)
    £40,600  

(1) As to the retail unit, Pizaza Edgware Limited has just taken an assignment of the lease and has not yet fitted out the property to trade as the popular pizza restaurant, Pizaza. Pizaza also operate two other units in Golders Green and Hendon.

Property Documents

  • Site Plan
    Updated Date
    05.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    05.11.19
    File Size
    825 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Crumplin Solicitors 77 Haverstock Hill, Belsize Park
London
london
NW3 4SL
Paul Crumplin 0207 483 0282paul@crumplinsolicitors.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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