Property photos
Fixed price
£875,000
(£515.01/sq. ft)
Retail premises for sale
20 North Parade, Mollison Way, Edgware HA8Local area information
Property location
Nearby amenities
- Stag Lane Junior School 0.2 miles
- Stag Lane Infant and Nursery School 0.2 miles
- Queensbury 0.4 miles
- Burnt Oak 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Kingsbury to find out more about the local area.
Features and description
- Freehold
- Income Producing Freehold Property In A Prominent retail Position In Edgware
- The Building Is Currently Producing Income In The Region Of £43,000 Per Annum Exclusive
- 0.6 Miles From Queensbury Station On The Jubilee Line
- 0.7 Miles From Burnt Oak Station On The Northern Line
- Estimated Rates Payable: £8732.5
The property comprises a freehold shop and uppers situated in a prominent position on Mollison Way Edgware. The ground floor trades as a Chinese takeaway totalling approx. 721 sqft. The premises benefit from a glazed shopfront, customer waiting area, counter and fully fitted commercial kitchen with extraction to the rear. Externally, there is a small outbuilding and concrete forecourt which provides one parking space.
The upper parts comprise of two residential apartments both being two bedrooms with kitchen and toilet facilities. The first floor apartment totals 462 sqft and the second floor totals a further 516 sqft.
Location
Mollison Way is a prominent retail location in Edgware with many local retailers. Located less than a mile from both Queensbury & Burnt Oak underground stations, providing quick connections to central London via the Jubilee & Northern lines.
Income
The ground floor is currently income producing £15,500.00 per annum exclusive and the premises are let for a term of 12 years from December 2024 bus expiring December 2036 (11 years unexpired).
The first floor flat is producing £900 per calendar month thus totaling £10,800 per annum exclusive. The tenancy agreement expires on 21 November 2025.
The second floor flat is producing £1500 per calendar month thus income producing £18,000 per annum exclusive. The tenancy agreement expired in February 2025.
The total income achieved from the building is in the region of £44,300.00 per annum exclusive.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
David Charles Property Consultants
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - David Charles Property Consultants. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact David Charles Property Consultants for full details and further information.