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Lot 12 - FREEHOLD PARADE OF FOUR (x3BED) FLATS AND FOUR RETAIL UNITS PRODUCING £122,596 PER ANNUM - IN SAME OWNERSHIP SINCE 1992

41-47 Manor Park Crescent, Edgware, Middlesex, HA8 7LY

Sold after auction for an undisclosed amount

Thu May 22 2025

11:00am

Property Description

The property is located in Edgware on Manor Park Crescent opposite Manor Park Gardens. It is 50m from the junction with Station Road (A5100) in a mixed residential and commercial area. Edgware Tube Station is 100m to the north east. Edgware is 9 miles north west of Central London and can be reached via the A41 and M1 (Junction 4). A major redevelopment is due to be undertaken of the Edgware Transport Interchange, with a new Shopping Complex, and housing (3,000 plus new residential units) on si

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Freehold

(Areas for guidance only)

The property comprises:

Unit 41 (Stone Masons) - Ground & First Floor: Office, Kitchenette, Store &Toilet 388 Sq Ft (36 Sq M)
Unit 43 (Dry Cleaners) - Ground Floor: Retail area, Rear works area, & Toilet 635 Sq Ft (59 Sq M)
Unit 45 (Beauty Salon) - Ground Floor:Retail area, Two treatment rooms, Kitchen, & Toilet. 764 Sq Ft (71 Sq M)
Unit 47 (Estate Agents) - Ground Floor: Retail area, Office & Toilet 700 Sq Ft (65 Sq M)
Rear Shed:

First Floor Flat 41A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet 957 Sq Ft (89 Sq M)
Second Floor Flat 43A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet. 960 Sq Ft (89 Sq M)
First Floor & Second Flat 45A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet. 1,017 Sq Ft (94 Sq M)
First Floor & Second Flat 47A:Three bedrooms, Living Room, Hall, Kitchen, Bathroom, & Toilet. 995 Sq Ft (92 Sq M)

41- Let to Gary Green Memorials (Stone Masons) - 8 years from 25/12/2022 at £14,200pa
43 - Let to Edgware Dry Cleaners - 8 years from 18/02/2018 at £11,500pa
45 - Let to individual - 9 years from 14/04/2025 at £15,000pa
47 - Let to Individual - 8 years from 25/03/2025 at £14,500pa
Rear Shed - Let to individual - Tenancy at Will for 3 years from 01/05/2025 at peppercorn

41A - Let to individual on an AST from 10/07/2024 to 05/07/2025 at £19,200pa
43A - Let to individual on an AST from 13/08/2023 to 12/09/2025 at £18,000pa
45A - Let to Notting Hill Genesis on an AST from 02/09/2019 for x5 years at £13,396pa (See note 4)
47A - Let to individual on an AST from 08/04/2024 (periodic) at £16,800 pa

PRODUCING £122,596 PER ANNUM (WITH FIXED RENTAL INCREASES TO UNITS 47 & 45 IN 2026 AND 2028)

Please refer to legal pack

1. AST - stands for Assured Shorthold Tenancy.
2. The retail unit measurements obtained from EPC's
3. Fixed rental growth - Unit 45 to £18,000pa (2028) and Unit 47 to £17,000pa (2026)
4. 45A is let to Notting Hill Genesis for 5 years with Court Order for possession

Auction Surveyor : Rob Hills
Contact : 020 7614 9933 Robert.hills@strettons.co.uk

MONDAY 19TH MAY 2025 (BY APPOINTMENT ONLY) - PLEASE EMAIL OR CALL AGENT ROB HILLS (M) 07977 185 300

Unit 45 has fixed rental increase to £18,000pa in 2028. Unit 47 has a fixed rental increase to £17,000pa in 2026. Unit 47 - Let to individual and not the Limited company previously stated in the catalogue details.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.