Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is prominently located on the north side of the busy Watling Avenue, in the popular North West London suburb of Burnt Oak. Nearby occupiers include Greggs, Savers, TSB Bank, Subway and an eclectic mix of local traders.
Freehold.
The property is prominently located on the north side of the busy Watling Avenue, in the popular North West London suburb of Burnt Oak. Nearby occupiers include Greggs, Savers, TSB Bank, Subway and an eclectic mix of local traders.
Freehold.
The property comprises ground floor retail accommodation with 2 x two bedroom self-contained flats on the first and second floors. The flats are accessed from a separate entrance at the front of the property.
VAT is applicable to this lot.
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Band C.
The property comprises ground floor retail accommodation with 2 x two bedroom self-contained flats on the first and second floors. The flats are accessed from a separate entrance at the front of the property.
VAT is applicable to this lot.
The Special Conditions of Sale provide for the Buyer to pay to the Seller a sum in addition to the purchase price. Please see the Special Conditions of Sale which is available in the Seller’s solicitors Legal Pack.
Band C.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x. | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 110.01 sq m |
(1,184 sq ft) |
INDIVIDUAL t/a Leonie's Hair and Beauty | Let for a term of 10 years from 01/10/2018 | £50,000 |
(30/09/2028) |
| First | Ancillary | 1 x 2 bedroom flat |
INDIVIDUAL | Let on an Assured Shorthold Tenancy Agreement for a term of 3 years from 12/06/1019 |
£18,000 |
(11/06/2022) | |
| Second | Ancillary | 1 x 2 bedroom flat |
INDIVIDUAL | Let on an Assured Shorthold Tenancy Agreement for a term of 3 years from 12/06/2019 |
£18,000 |
(11/06/2022) | |
| Total Approximate Commercial Floor Area |
110.01 sq m |
(1,184 sq ft) (1) |
£86,000 |
||||
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)
(2) The rent reserved under the Assured Shorthold Tenancy is £1,400 per calendar month. The rent shown above has been annualised.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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