117/117a & 119 Station Road & Land to the rear at Rectory Lane, Edgware London HA8 7JG
117/117a & 119 Station Road & Land to the rear at Rectory Lane, Edgware London HA8 7JG
London Freehold Mixed Use Investment with Asset Management and Development Opportunities
Opposite Edgware Underground & Bus Station and the Broadwalk Shopping Centre
Let to Santander, an established Estate Agent, a taxi operator and a residential AST
Asset management possibilities including immediate lease renewals and possible change of use of first and second floor offices to further residential flats
Development potential of the car parking land to the rear (subject to consents)
Excellent location with nearby occupiers include PureGym, Nando's, Sainsbury's, Superdrug and banks including Lloyds Bank, HSBC, Metro Bank
London Freehold Mixed Use Investment with Asset Management and Development Opportunities
Opposite Edgware Underground & Bus Station and the Broadwalk Shopping Centre
Let to Santander, an established Estate Agent, a taxi operator and a residential AST
Asset management possibilities including immediate lease renewals and possible change of use of first and second floor offices to further residential flats
Development potential of the car parking land to the rear (subject to consents)
Excellent location with nearby occupiers include PureGym, Nando's, Sainsbury's, Superdrug and banks including Lloyds Bank, HSBC, Metro Bank
VAT free investment
Lot 5
Auction 10th July 2025
Rent £71,400 per Annum Exclusive
Status Available
Guide* £900,000 - £950,000
Sector High Street Retail, Residential, Development, Mixed Use
Auction Venue Live Streamed Auction
Property Information
Location
Miles
9 miles north of Central London
Roads
A5, M1, A41
Rail
Edgware Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation
The property is prominently situated on the north side of Station Road, directly opposite Edgware Underground & Bus Station and less than 50 metres from The Broadwalk Shopping Centre. Nearby occupiers include PureGym, Nando's, Sainsbury's, Superdrug and banks including Lloyds Bank, HSBC, Metro Bank.
Tenure
Freehold.
Location
Miles
9 miles north of Central London
Roads
A5, M1, A41
Rail
Edgware Underground Station (Northern Line)
Air
London Heathrow Airport, London Luton Airport
Situation
The property is prominently situated on the north side of Station Road, directly opposite Edgware Underground & Bus Station and less than 50 metres from The Broadwalk Shopping Centre. Nearby occupiers include PureGym, Nando's, Sainsbury's, Superdrug and banks including Lloyds Bank, HSBC, Metro Bank.
Tenure
Freehold.
Description
The property comprises a bank and an estate agent on the ground and part second floors, a taxi office on the ground (rear) and part first floors and a 2 bed flat on the part second floor. The taxi office and the flat benefit from separate independent access, the flat being accessed to the rear from Rectory Lane. The sale also includes land to the rear on Rectory Lane with car parking and disused garages.
The first floor taxi office (holding over) and the second floor office, currently let to the estate agent may be suitable for change of use and the car parking land to the rear may be suitable for development subject to the leases and the necessary consents.
Please note that Santander also occupy part of the adjoining building which does not form part of the sale.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a bank and an estate agent on the ground and part second floors, a taxi office on the ground (rear) and part first floors and a 2 bed flat on the part second floor. The taxi office and the flat benefit from separate independent access, the flat being accessed to the rear from Rectory Lane. The sale also includes land to the rear on Rectory Lane with car parking and disused garages.
The first floor taxi office (holding over) and the second floor office, currently let to the estate agent may be suitable for change of use and the car parking land to the rear may be suitable for development subject to the leases and the necessary consents.
Please note that Santander also occupy part of the adjoining building which does not form part of the sale.
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 sq m
Floor Areas Approx (sq ft)
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground
Banking Hall
141.30
(1,521)
SANTANDER UK PLC t/a Santander
5 years from 23/10/2021 (1)
£27,000
Ground Part Second Rear Car Parking
Estate Agent Office 4 Spaces
18.90 36.20
(204) (390)
D. LEHMANN t/a Home From Home
15 years from 25/03/2025 (2)
£17,500
25/03/2030 and 5 yearly
Ground (Rear) First Rear Car Parking
Taxi Office/Ancillary Taxi Office 4 Spaces
18.90 72.00
(204) (775)
M. ABSALAN t/a A to B Minicabs
10 years from 20/06/2014 (Holding Over)
£9,500
Part Second
2 bed flat
41.80
(450)
TWO INDIVIDUALS
AST expiring 12/05/2026 at £1,450 pcm
£17,400
Total
329.10
(3,544)
£71,400
(1) Santander has recently approached the Seller to extend their lease. The adjoining part of the branch at 115 Station Road is let until December 2025. (2) The lease provides a tenant option to determine on 25/03/2030 and 25/03/2035.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
