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.