Summary - Elizabeth House, 54-58 High Street, Edgware, Greater London, HA8 HA8 7EJ
1 bed 1 bath Commercial Property
Spacious refurbishment opportunity near transport for investor or occupier.
Approx. 3,014 sq ft open-plan office space
Held on 999-year term from 1995 (virtual freehold)
Off-street parking for six cars; two kitchens included
Dated interior with low ceilings — requires modernization
Service charge circa £18,000 pa plus VAT for entire floor
Estimated rates payable £18,712 pa (2023/24) — verify with authority
Walking distance to Edgware station; fast broadband and excellent mobile signal
Area records higher crime — consider security and insurance costs
This 3,014 sq ft commercial floor in central Edgware offers a rare long leasehold (999 years from 1995) suited to investors or owner-occupiers seeking substantial workspace close to transport. The building presents a modernist exterior with off-street parking for six cars and two kitchens, making it flexible for office use, coworking conversion or mixed commercial layouts.
Internally the space is largely open plan but dated and in need of modernization; low ceilings and older finishes mean immediate refurbishment will be required to achieve modern office standards. Ongoing costs are significant: a service charge of circa £18,000 plus VAT per annum for the entire floor and estimated business rates around £18,712 (2023/24). Ground rent is nominal at £100 per annum.
The setting is convenient — walkable to Edgware station, fast broadband and excellent mobile signal — supporting commuter access and digital-first businesses. Local amenities include supermarkets, cafes and multiple schools, and the tenant profile in the area is predominantly young families and students. Note the site reports higher local crime levels, which may influence security planning and insurance costs.
Offered at £590,000, this property suits a buyer who can invest in refurbishment to unlock rental uplift or workspace efficiency. The long lease term gives near-freehold security, but factor in immediate capital for upgrades, ongoing service charges and rates when assessing return on investment.
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