97-99 Burnt Oak Broadway Edgware Middlesex HA8 5HS

97-99 Burnt Oak Broadway
Edgware
Middlesex
HA8 5HS

Freehold Retail and Residential Investment

Reversionary Rent Review in 2021
Prominent corner location on A5
Shop and two self-contained flats
Close to Burnt Oak Underground Station (Northern Line)
Opposite Costa and adjacent to William Hill

Lot
40
Auction
18th October 2018
Rent
£35,000 per Annum Exclusive
Status
Sold
Price
£820,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Mapeley

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Freehold Retail and Residential Investment

Reversionary Rent Review in 2021
Prominent corner location on A5
Shop and two self-contained flats
Close to Burnt Oak Underground Station (Northern Line)
Opposite Costa and adjacent to William Hill

Lot 40
Auction 18th October 2018
Rent £35,000 per Annum Exclusive
Status Sold
Price £820,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Mapeley

Property Information

Location

Miles: 10 miles north of central London, 7 miles south of Watford, 1.5 miles west of Mill Hill Broadway
Roads: A5, A1, A41, M1, M40, M25
Rail: Burnt Oak Underground Station (Northern Line)
Air: London Heathrow Airport

Situation

Burnt Oak, in the London Borough of Barnet, is 10 miles north of central London and 1 mile south of Edgware. The property is located in a mixed residential/commercial area, in a prominent location on Burnt Oak Broadway (A5), at its junction with The Highlands, some 400 metres west of Burnt Oak Underground Station (Northern Line). Nearby occupiers include Costa (opposite), William Hill (adjacent), Peacocks, Ladbrokes, Shoe Zone and Poundland.

Tenure

Freehold.

Location

Miles: 10 miles north of central London, 7 miles south of Watford, 1.5 miles west of Mill Hill Broadway
Roads: A5, A1, A41, M1, M40, M25
Rail: Burnt Oak Underground Station (Northern Line)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with first floor storage and a rear store room.
The first and second floors comprise self-contained residential accommodation accessed via The Highlands. The first floor comprises three rooms, kitchen and shower room/WC and the second floor, four rooms, kitchen and shower room/WC.

VAT

VAT is not applicable to this lot.

EPC

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

Description

VAT

VAT is not applicable to this lot.

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
Ground Ground First First Second	Retail Ancillary Ancillary Residential Residential	83.00 sq m 2.50 sq m 16.50 sq m 3 rooms, kitchen & shower/WC GIA 49.00 sq m 4 rooms, kitchen & shower/WC GIA 64.00 sq m	(893 sq ft) (27 sq ft) (177 sq ft) (528 sq ft) (689 sq ft)	INDIVIDUALS (sublet)	15 years from 16/09/2016 on a full repairing and insuring lease	£35,000	2021 & 2026
Total		215 sq m	(2,312 sq ft)			£ 35,000