4 The Promenade, Edgwarebury Lane, Edgware, Middlesex, HA8 7JZ
Result: Sold for £526,000 Guide price: Sold*
Wednesday, 11th September 2019 12:00pm
Location & Description
A ground floor bakery (forming part of a triple unit) within this well established parade just off Station Road/Hale Lane where there are a number of multiple retailers including NatWest, Nationwide and Tesco Express.
Edgware underground/bus station (Northern line) and the Broadwalk shopping centre are within close proximity.
Edgware is a popular north London suburb about 11 miles north west of central London and has good road links via the A41 and M1.
Ground Floor: 940 sq ft (87.3 sq m), cold store
Let on a repairing and insuring lease to Grodzinski Bakery Ltd (by way of assignment) for 18 years from 21.06.2004 at £29,500 p.a. rising to £30,975 p.a. on 21.06.2020. There is an extension lease for a further 22 years from expiry of the existing lease beginning on 21.06.2022. Rent Reviews 2024 & 4 yearly.
999 years from 25.12.1995 at a peppercorn.
1. Tenant advises that they have traded from the adjoining shops since 1982 and have traded from this shop since 2010.
2. Tenant Profile: www.grodzinski.co.uk
EQUIVALENT TO £29,500 p.a. RISING TO £30,975 p.a. IN 2020
Purchaser Fee Invoice Number
- Commercial Investment
- Equivalent to £29,500 p.a. Rising to £30,975 p.a. in 2020
- Let Until 2044
- Popular North London Suburb