Auction House London

Lot 23

Retail Property (high street) - Commercial Property 

153 Hale Lane

Edgware, Middlesex, HA8 9QW

£325,000+

Guide Price (plus fees)

A Mid Terrace Building Arrange to Provide a Ground Floor Shop and a Split Level Three Bedroom Flat Fully Let Producing £24,000 Per Annum

Description

The property comprises a mid terrace building arranged to provide a ground floor shop and a second and third floor split level three bedroom flat.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Co-Op Food. Transport links are provided by Edgware underground station (Northern line) and Mill Hill Broadway rail station.

Accommodation

Ground Floor
Takeaway

First Floor
Not inspected

Second Floor
Not inspected

Tenancy

The property is subject to a new 16 year FRI lease (No Breaks) from 23rd June 2024 to A.Noor (t/a Ahmed Tandoori) with a rent reviews every four years. We understand that the property is under let and the potential rental income is circa £40,000 per annum (buyers should rely on their own enquiries).

Note

The property has not been inspected by Auction House London. All information has been supplied by the vendor.

EPC Rating

Retail Unit - B
Flat - D

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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