39/39A Burnt Oak Broadway, Edgware, Middlesex, HA8 5JZ
FREEHOLD COMMERCIAL INVESTMENT
Monday, 25th March 2019 11:00am
BY ORDER OF TRUSTEES
A mid terrace three storey property comprising a ground floor shop with separate rear access via a vehicular service road to a self-contained flat on two upper floors and a detached garage. On the west side of the busy A5 Burnt Oak Broadway, near to the junction with Stag Lane and forming part of an established local parade within ½ mile of Burnt Oak underground station (Northern line). Nearby multiple retailers include Peacocks and Ladbrokes.
Ground Floor Shop: 980 sq ft (91 sq m) plus lean-to store and WC
First & Second Floor Maisonette (39A):
3 rooms, kitchen, bathroom, sep.WC
Rear Garage: 275 sq ft (25.5 sq m)
The entire property is let on a repairing and insuring lease to Ibrahim Admani for 15 years from 25.03.2006 at £25,000 p.a.
EQUIVALENT TO £25,000 p.a.
1. The lessee advises that they have traded from the shop since 1988.
2. We understand from the lessee that the flat is sub-let at £1,150 pcm and the garage is sub-let to a mechanic for £50 per week.