Office For Sale
428 and 432 Edgware Road
COMMERCIAL INVESTMENT FOR SALE
Two commercial adjoining freeholds to the rear for sale on this busy thorough fare of Edgware Road in the midst of the current regeneration of Paddington. Close to the junction with Boscobel Street this investment consists of a thriving A3 unit and a 24 unit Mini Mall adjoined at the rear of the premises. Total floor area of some 9,149 sq. ft (849.97 sq.m) net area of 6367 (591.51 sq. m.). There is the possibility of converting the first floor office space to permitted development and possibly adding residential units to the rear subject to planning.
428 is let on a 25 year FRI lease from 21st September 2016 with five yearly reviews current passing rent of £50,000 pa.
432 consists of 24 units on licences, bringing slightly in excess of £260,000 per annum.
Total income £311,600 per annum, offers invited in excess of £6,000,000.