Retail premises for sale in Deans Lane, Edgware, Middx HA8

Ground Floor:
The ground floor comprises a large E Class unit (Approx 90 M2) let to Ladbrokes Betting & Gaming Ltd. For a term of 15 years commencing 13/12/2013 on full repairing and insuring terms with 5 yearly rent review pattern. Accounts lodged for lb&G Ltd for y/e 31/12/2020 showed revenue of £681,252,000, and net assets of £1,137,034,000.

Upperpart :
The accommodation above the ground floor comprises a large 2 bedroom flat (Approx 74 M2) on two floors, with an attractive roof garden and a garage to the rear. The flat has its own entrances from both front and rear, and is let to a single family who are holding over on a 12 month AST from October 2020.

Income:
The current income from the Ground Floor is £15,500 p.a.x. And from the upperpart is £14,400 p.a. N.B. The rent review of the shop, due in 2018 was not implemented, and the next review falls in 2023. The rent for the flat has not been increased since the AST was granted in 2020. As a result, we believe there is opportunity for substantial growth in the rental income.

Price:
Offers in excess of £600,000 subject to contract for the Freehold interest. VAT is not applicable.

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