An opportunity to purchase the FREEHOLD of a shop and uppers on Station Road Edgware.The commercial part is a successfully trading restaurant, currently paying 35,000 per year, on a 12 year lease, which expires in 2033.As from March 2028, by prior agreement, the rent increases to 40,000.The two upper units are both sold on leases until 2124, with Ground Rent of 50 per year.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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