420 EDGWARE ROAD W2 & 125 BOSCOBEL STREET NW8

For sale by informal tender, this probate freehold investment has been in the same family for approximately 55 years. The investment is made up of 2 commercial units, one being a retail outlet, the second is a take away restaurant. The residential element is made up of an HMO of six residential studios and a six room maisonette housing a statutory tenant. The rents have not been kept up to today’s values so the building is grossly underlet and also requires a substantial amount of repairs. Sitting on the corner of Edgware Road and Boscobel Street, the building itself is made from two Victorian brick built properties. On this busy thoroughfare moments from Edgware Road tube station with numerous restaurants and cafes located in the immediate vicinity. The freehold investment sits adjacent to the large amount of regeneration being carried out locally and the whole area is starting to benefit from this improvement. Moments from Paddington Basin, Marylebone and Bayswater with Little Venice and St. John’s Wood in close vicinity. The property is conveniently located for numerous facilities and attractions in this part of West London and includes the following:- o Both the commercial units’ current leases have now expired and are now on periodic leases. o The Six studios are all on AST contracts o The Statutory tenant is a single gentlemen of 65 years old, however he has sublet one of his rooms o The total sq ft. of this investment is 4657 (432.64 sq. m) o Offers in excess of £2,000,000

Asking Price £2,060,000 Freehold

IMPORTANT NOTICE: 1. These particulars are prepared for guidance purposes only. They are intended to give a fair overall description of the property but are not intended to constitute any part of an offer or contract. 2. Nothing in these particulars shall be or deemed to be a statement that the property is in good structural condition or otherwise nor that any services, appliance, equipment or facilities are in good working order. 3. Whilst all the information contained in these particulars whether in text, plans or photographs is given in good faith, intending purchasers must make their own enquiries as to the accuracy of all matters upon which they intend to rely.

420a Edgware Road, London W2 1ED

Flat/Room Name of Tenants Date of Tenancy Tenancy Term Rental Sq. Ft. Agreement amount Per Month/Per Annum

R1 Ms Li Shamshad 02/10/19 02/10/19 to £500 pcm 160 31/03/20 R2 Susana Paalan 08/04/19 08/04/19 to £500 pcm 181 07/09/19 R3 Ms Olga Diaz 17/10/19 16/10/19 to £450 pcm 164 Dominguez 15/04/20 R4 Maricon Hernandez 17/10/19 16/10/19 to £480 pcm 119 15/04/20 R5 Eli Altmann 01/11/18 01/11/18 to £100 pcm 157 31/10/19 (vendor’s family)

R6 Ms Eva Reyes Replan 21/02/19 21/02/19 to £400 pcm 182 20/08/19 Commercial Haim Zietcer Periodic Lease £16,000 1778 - with cellar Unit Retail pa (vendor’s family) 934 - without cellar

125 Boscobel Street, London NW8 8PS

Premises Name of Date of Tenancy Tenancy Term Rental Sq. Ft. Tenants Agreement amount Per Annum Ground Floor Kutsal Unek 25/03/1994 Periodic Lease £8,200 604 - with cellar and Basement 515 - without cellar café and restaurant Residential Unit Nigel Smith Statutory tenant £7,800 822 aged 65 years