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360 Burnt Oak Broadway 24,466 sq ft Retail Property Edgware HA8 5AN £7,000,000 (£286.11/sq ft) 6.13% Net Initial Yield
Investment Highlights
- The site provides an excellent opportunity for a Self-Storage scheme
- Not within a Conservation Area and does not comprise of any Statutory or Locally Listed Buildings
- There is the ability to have high visibility from the roadside
- Property features a 123 metre frontage
Executive Summary
An exceptional opportunity exists to acquire a well-located 1.75-acre (0.71-hectare) site in Edgware, London, offering significant redevelopment potential. Currently operating as a Peugeot Motor Company PLC car showroom, the property generates a passing rent of £458,744.12 per annum, with the lease expiring on 31 July 2027.
The site occupies a prominent roadside position within the emerging A5 corridor and presents outstanding prospects for mixed-use residential, co-living, industrial, self-storage, or retail development. It benefits from an extensive frontage of approximately 123 metres along Burnt Oak Broadway.
With excellent transport connections, the location is well suited to commercial and logistical uses, while also providing convenient access to Central London via public transport. A 2021 pre-application indicated support for a residential-led scheme comprising approximately 208 apartments.
There is strong asset management potential through the existing use and occupier, alongside flexibility for future redevelopment when appropriate.
Offers are invited in excess of £7,000,000 (6.13% NIY) for the freehold interest. Preference will be given to unconditional offers, although conditional proposals will also be considered.
The site occupies a prominent roadside position within the emerging A5 corridor and presents outstanding prospects for mixed-use residential, co-living, industrial, self-storage, or retail development. It benefits from an extensive frontage of approximately 123 metres along Burnt Oak Broadway.
With excellent transport connections, the location is well suited to commercial and logistical uses, while also providing convenient access to Central London via public transport. A 2021 pre-application indicated support for a residential-led scheme comprising approximately 208 apartments.
There is strong asset management potential through the existing use and occupier, alongside flexibility for future redevelopment when appropriate.
Offers are invited in excess of £7,000,000 (6.13% NIY) for the freehold interest. Preference will be given to unconditional offers, although conditional proposals will also be considered.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
24,466 sq ft
Costar Property Class
B
Year Built
2000
Price
£7,000,000
Price per sq ft
£286.11
Yield
6.13%
NOI
£429,100
Tenancy
Single
Number of Floors
3
Plot ratio
0.38
Total Plot Size
1.49 ac
Amenities
- 24 Hour Access
- Bus Route
- Commuter Rail
- Courtyard
- Security System
- Signage
- Storage Space
- Smoke Detector
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Nearby Major Retailers
Contacts
-
Luca Nardini -
Nicholas Peters -
Tim Hayns -
Richard Thomas -
Ellie Hagart -
Robbie Catling -
Montagu Evans
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Photos
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Street
Map
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360 Burnt Oak Broadway
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