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4 Canons Corner, Edgware, Edgware, HA8 8AE
1,688 Sq Ft / Retail / Investment
Withdrawn - Last updated: 17 April 2019
Retail investment freehold for sale (Ideal for a SIPP) - Canons Corner, Edgware.
Location
The premises are located in a prominent position at Canons Corner on the south side of London Road (A410) being close to the junction with Stonegrove (A5). Nearby multiples include Spar, Tesco Express and Martins the Newsagents.
Accommodation
Comprises a ground floor lock-up shop currently trading as a butchers affording the following approximate dimensions and floor areas:
Frontage - 16’10”
Internal width - 16’ 3”
Depth - 31’ 7”
Shop area - 513 sq ft
Rear rooms - 1,175 sq ft
TOTAL - 1,688 SQ FT
The 2 bed flat above has been sold on a 99 year lease approximately 6 years ago and produces £50 per annum
Terms
TENANCY - Let to Lewco Pak Ltd on a full repairing and insuring lease for a term of 16 years from June 2003, expiring in June 2019 without further rent review at a rent of £29,000 per annum exclusive. Lewco-Pak Ltd which trades as Silvermans Kosher Butchers currently has 4 branches and is shortly opening a 5th store.
PRICE - £495,000 for the benefit of the Freehold interest subject to the tenancies and incomes as described above showing a net yield of 5.6% allowing for normal purchase costs of 4.8%.
EPC - Awaiting.
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