Summary - 217, EDGWARE ROAD NW9 6LP
1 bed 1 bath Shop
Mixed-use investment on busy Colindale parade with steady income and garden potential.
- Freehold mixed-use building, approx. 1,404 sq ft GIA
- Ground-floor retail let at £15,000 pa on 15-year lease
- Upper maisonette let under regulated tenancy at £5,954 pa
- Large private rear garden for upper accommodation
- Upper floors in dated condition; requires renovation
- No rent increase on flat since 2013; limited immediate upside
- Small retail frontage typical of parade units
- VAT may apply to purchase; confirm before exchange
A rare freehold mixed-use building on busy Edgware Road, offered as a long-term investment with immediate income. The ground-floor retail unit (approx. 558 sq ft) is let on a 15-year lease from 27.05.22 at £15,000 pa and currently trades as a mini-market. Above, first and second floors (approx. 846 sq ft) form a four-room maisonette let on a regulated tenancy at a passing rent of £5,954 pa; there has been no increase since 2013.
The property totals about 1,404 sq ft GIA and includes a large private garden to the rear — a notable amenity for upper accommodation in this parade. The building dates from c.1930–49 with double glazing installed post-2002, mains gas heating via boiler and radiators, and widely used solid brick construction. Transport links are good, with Colindale tube and Hendon Thameslink nearby, and local footfall is steady thanks to multiples and independent traders.
Key investment considerations: the upper flat is in dated condition and requires renovation to reach market rents or better yield; the regulated tenancy limits immediate rental upside without legal rent review. The shop lease provides security of income but note the relatively small frontage typical of terrace retail units. VAT may be chargeable on the sale under the Finance Acts; purchasers should confirm VAT and legal implications beforehand.
Overall, this freehold suits investors seeking a mixed-use asset in a well-trafficked suburban high street with medium-term refurbishment potential. Buyers should budget for updating the residential accommodation and be aware of the tenant protections affecting short-term rental growth.
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