LOT 17

39/39A Burnt Oak Broadway, Edgware, Middlesex, HA8 5JZ

FREEHOLD COMMERCIAL INVESTMENT
Guide price: £380,000 - £400,000*

Auction Date

Monday, 25th March 2019 11:00am

BY ORDER OF TRUSTEES

Location & Description

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.

Accommodation

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.

Note

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.

EQUIVALENT TO £25,000 p.a.

EPC Rating

On application

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.