Guide price
£499,500
(£377.49/sq. ft)
Retail premises for saleColin Parade, Edgware Road, London NW9
1,404 sq. ft
About this property
Highly reversionary freehold mixed use investment for sale
Residential rent has not been increased since 2013
Gross Internal Area: 131 sq.m. (1,404 sq.ft.)
Desirable North-West London location
Bustling retail parade - abundance of retailers, eateries & leisure facilities
Excellent public transport communications
850m to Colindale London Underground Station (Northern Line)
1.25km to Hendon Station (Thameslink)
Brent Cross Shopping Centre: 2km
The property comprises a mid terrace mixed use building arranged over ground, first and second floors and occupying a plot of 0.03 acres.
The ground floor lock up shop is let on a 15 year lease from 27th May 2022 and is currently trading as a mini-market. The space is predominantly retailing / sales area towards the front of the property, with a rear storage room (featuring an increased ceiling height of 3.84m to part) and WC.
The first and second floors comprise a 4 bedroom maisonette with a large private garden. The property is let on a regulated tenancy with a passing rent of £5,954 per annum and is in a dated condition. We understand the rent has not been increased since 2013.
Copies of the tenancies are available to download from our website.
Location:
Situated on the west side of Edgware Road (A5) between Hendon and Colindale the property is located on a vibrant section of a retail parade between Wakemans Hill Avenue and Springfield Mount. Local occupiers in the immediate vicinity include Premier Inn (Hendon - The Hyde), Lexus Edgware Road, J D Weatherspoon, Costa Coffee, The Post Office, Jemca Toyota, Morrisons and The Gym Group, as well as an abundance of independent retailers, eateries and leisure facilities. Brent Cross Shopping Centre and the nearby Cricklewood regeneration is approximately 2km to the south.
There are excellent public transport communications, with Colindale London Underground Station (Northern Line) 850m to the north of the property and Hendon Station (Thameslink) located 1.25km to the south-east. There are a number of bus routes providing connections to Brent Cross, Kilburn, Edgware and Watford which stop in the immediate vicinity of the property.
The ground floor lock up shop is let on a 15 year lease from 27th May 2022 and is currently trading as a mini-market. The space is predominantly retailing / sales area towards the front of the property, with a rear storage room (featuring an increased ceiling height of 3.84m to part) and WC.
The first and second floors comprise a 4 bedroom maisonette with a large private garden. The property is let on a regulated tenancy with a passing rent of £5,954 per annum and is in a dated condition. We understand the rent has not been increased since 2013.
Copies of the tenancies are available to download from our website.
Location:
Situated on the west side of Edgware Road (A5) between Hendon and Colindale the property is located on a vibrant section of a retail parade between Wakemans Hill Avenue and Springfield Mount. Local occupiers in the immediate vicinity include Premier Inn (Hendon - The Hyde), Lexus Edgware Road, J D Weatherspoon, Costa Coffee, The Post Office, Jemca Toyota, Morrisons and The Gym Group, as well as an abundance of independent retailers, eateries and leisure facilities. Brent Cross Shopping Centre and the nearby Cricklewood regeneration is approximately 2km to the south.
There are excellent public transport communications, with Colindale London Underground Station (Northern Line) 850m to the north of the property and Hendon Station (Thameslink) located 1.25km to the south-east. There are a number of bus routes providing connections to Brent Cross, Kilburn, Edgware and Watford which stop in the immediate vicinity of the property.
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