Summary - 277 GROUND FLOOR SHOP EDGWARE ROAD LONDON NW9 6NB
5 bed 3 bath Mixed Use
Freehold high-street asset with immediate rental income and asset-management upside.
Freehold mixed-use building on busy Edgware Road with high visibility
Current rental income £30,850pa (excludes sold leasehold flat)
Ground-floor shop let producing £17,650pa; ~8 years left on lease
First-floor flat held on long lease with only ~60 years remaining
Being sold at auction; starting bid £600,000 — online secure sale
Close to Colindale Underground (Northern Line) and strong footfall
Small plot with no private garden; limited outdoor space
Potential lender refusal due to short residential lease terms
This freehold mixed‑use building on Edgware Road offers immediate rental income and clear asset-management potential. The ground-floor retail unit and two self-contained flats generate a combined current income of £30,850pa (excluding the sold leasehold flat), giving investors a running yield from day one. The shop benefits from full-width glazing, pavement frontage and high main‑road visibility on a busy A5 thoroughfare close to Colindale Underground (Northern Line).
Important lease issues affect future financeability and value. The first-floor flat is held on a long lease with only about 60 years remaining, and the ground-floor shop has approximately eight years on its lease with rent reviews. Mortgage lenders commonly refuse loans on properties with short residential leases, so purchasers should factor potential refinancing restrictions and the cost/time required to extend leases.
The building is offered for sale at auction via secure online bidding with a starting bid of £600,000, providing a swift, transparent purchase route for cash buyers or those prepared for auction terms. There is limited exterior space (small rear yard) and no private garden; the footprint is typical for an urban high-street terrace. Average local crime and good transport/communications support steady tenant demand in this densely populated area.
This asset suits a hands-on investor or small portfolio buyer able to manage tenancy agreements and lease-extension work. The property’s location, steady income and visible retail frontage provide clear upside with active asset management, but handle the lease-length and lending constraints before committing.
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