Summary - 20, NORTH PARADE, MOLLISON WAY HA8 5QH
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- **Income Generating:** Currently produces around £43,000 per annum.
- **Mixed-Use Property:** Ground floor Chinese takeaway with fully fitted kitchen; two residential apartments above.
- **Prime Location:** Prominent position on Mollison Way, near local retailers and less than a mile from underground stations (Queensbury and Burnt Oak).
- **Spacious:** Total size of approximately 1,699 square feet.
- **Parking:** Off-street parking available for one vehicle.
- **Investment Potential:** Long-term leases in place for commercial and residential units.
**Summary:**
This expansive freehold property in Edgware combines commercial potential with residential comfort, boasting an income of approximately £43,000 per year. The ground floor features a successful Chinese takeaway that generates £15,500 annually, while the two upper two-bedroom apartments add rental value of £10,800 and £18,000 respectively, with leases offering stability. The shopfront, with its inviting glazed windows and functional kitchen, is perfect for business, while the residential units provide comfortable living spaces in a sought-after area.
With its strategic location along Mollison Way, just 0.6 miles from Queensbury Station and 0.7 miles from Burnt Oak, you'll enjoy easy access to transport links and amenities. The property is well-suited for investors looking to capitalize on a mixed-use offering or first-time buyers wanting to explore rental options alongside their residence.
While the property requires minimal maintenance, buyers should be mindful of the upcoming lease expiry for the second-floor unit and potential for renewal negotiations. This unique opportunity embodies the best of urban living and investment versatility, ensuring it won't stay on the market for long. Secure your future in this prime Edgware location today!
Shop for sale in Court Parade, Wembley, HA0 — £400,000 • 1 bed • 1 bath • 1402 ft²
Mixed use property for sale in 376-380 Northolt Road, Harrow, HA2 8ES, HA2 — £1,200,000 • 1 bed • 1 bath • 5123 ft²
High street retail property for sale in Ealing Road, Wembley, Middlesex HA0 — £1,500,000 • 1 bed • 1 bath
Commercial property for sale in 425 & 427, Honeypot Lane, Stanmore, HA7 1JJ, HA7 — £950,000 • 1 bed • 1 bath • 1913 ft²
5 bedroom town house for sale in De Havilland Road, Edgware, HA8 — £650,000 • 5 bed • 2 bath • 1354 ft²
High street retail property for sale in High Road, Willesden, NW10 — £750,000 • 2 bed • 2 bath • 1575 ft²
