149 Deans Lane, Edgware HA8 9NY

74 Sq M
£600,000 Offers Over
  • Type: Investment & Development
  • Availability: Sold
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Full Details

In a very prominent location at the roundabout joining Deans Lane with Hale Lane and Selvage Lane. The property is opposite a large Harvester Restaurant.

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.

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.

The current income from the Ground Floor is £15,500 p.a.x. and from the upperpart is £15,300 p.a. N.B. The rent review of the shop, due in 2018 was not implemented, and the next review falls in 2023. As a result, we believe there is opportunity for substantial growth in the rental income.

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

Strictly By Appointment Only Through 3H Tel: 0207 286 8363