Auction House London

Lot 50

 

42 & 44 The Highlands

Edgware, Middlesex, HA8 5HL

Unsold, the last bid was £1,020,000. Please refer to Auctioneer for Reserve.

A Parcel Comprising Two x Four Bedroom Semi-Detached Houses with Four Self-Contained Studio Flats to the Rear and Two Single Storey Garages. There is Potential to Redevelop the Garages to Provide Another Residential Unit (subject to obtaining all relevant consents)

Description

The property comprises two x four bedroom semi-detached houses and four x self-contained studio flats and two single storey garages. The total site area measures approximately 10,000 sq ft.

Location

The property is situated in the popular North London area of Edgware close to the local shops and amenities of Burnt Oak Broadway. The open spaces of Silkstream Park and Watling park are within easy reach. Transport links are provided by Burnt Oak Broadway underground (Northern line) and the A5 Edgware Road is easily accessible for easy access into Marble Arch and out of London.

Exterior

The property benefits from off street parking for 8-10 cars, 2 x single storey garages, and a rear garden.

Tenancy

BTC are currently providing a guaranteed rent of £45,000 per annum for both houses.

Planning (2nd Column)

Planning has been granted for side and rear extensions along with rear dormers. Planning has also been granted for the retention of the existing rear detached studios.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
42 The Highlands

44 The Highlands
Ground
First
Ground
First
Reception Room, Two Bedrooms, Kitchen, Bathroom with Shower
Two Bedrooms, Kitchen, Bathroom with WC & wash basin
Reception Room, Two Bedrooms, Kitchen, Shower Room
Two Bedrooms, Bathroom with wash basin & Separate WC
Guaranteed Rent Scheme £45,000
Studio's 1-4 Ground Open plan room with Kitchenette, Shower room with wash basin & WC Vacant ERV of £12,000 per studio

Additional Fees

Administration charge: £1,200 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.

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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

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Enquire about 42 & 44 The Highlands, Edgware, Middlesex, HA8 5HL

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