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Lot 7

Residential Investment - 3 Bed Maisonette – Gross Yield 9.4%
6 Week Completion

Situation

Located close to the junction with Hay Lane within this established retail parade nearby a variety of occupiers including Costa, Betfred, Paddy Power, McDonald's Drive-thru, Ford and Kia Dealerships along with a number of independent retailers, all serving the surrounding residential population.
Colindale Underground Station (Northern Line) lies approx. ¾ mile distant and the area is served by numerous bus routes.
Colindale is a popular and sought after north-west London suburb currently benefitting from a major regeneration programme and being approx. 8 miles from Central London and with easy access to the M1 (Junctions 1 & 2) and the A406 North Circular Road.

Property

Forming part of a commercial/residential building comprising a Self-Contained 3 Bed Maisonette on ground and first floors (at front) / first and second floors (at rear). The maisonette is accessed at ground floor level via a service road.
In addition, the property includes parking for 2 cars.

Accommodation

Maisonette - Ground & First Floors (at front) / First & Second Floors (at rear above Frankies Restaurant)
3 Bedrooms
2 Living Rooms
Kitchen
Shower/WC
GIA Approx. 905 sq ft plus 2 Parking Spaces

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 8th April 2024 at a peppercorn ground rent.

Tenancy

The property is let on an Assured Shorthold Tenancy to an Individual for a term of 1 year from 2nd February 2026 at a current rent of £23,400 per annum exclusive (£1,950 pcm).

Mutual Rolling Break from 2nd August 2026

VIdeo TOUR

Click here to view the video tour of the maisonette.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

275a Edgware Road, Colindale, London NW9 6NB