Prominent roadside asset with immediate rental income and upgrade potential.
Freehold mixed-use mid-terraced building on Edgware Road
A freehold mixed-use building on Edgware Road offering immediate rental income and visible roadside presence. The ground floor shop and two self-contained flats generate a combined current income of £30,850pa (excluding the sold long-lease flat). The shop is producing £17,650pa with about eight years remaining on its lease; the ground-floor flat yields £13,200pa and is currently tenanted.
This property suits an investor prepared to manage short and medium-term lease issues and pursue asset management upside. The first-floor flat is sold on a long lease with approximately 60 years remaining; this limited lease term is a material concern and may cause mortgage lenders to refuse lending against that flat. The ground-floor shop interconnects with an adjoining unit (No. 275), but that adjoining unit is not included in the sale.
Sold via Secure Sale online bidding, the lot offers clear legal readiness for immediate completion once bids are accepted. Location benefits include excellent main-road visibility and close proximity to Colindale Underground Station (Northern Line), strong transport links and local amenities. Buyers should note the property was not inspected and should commission their own surveys and tenancy checks before bidding.
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