Auction House London

Lot 64

Retail Property (high street) - Commercial Property 

111 The Broadway

Southall, Middlesex, UB1 1LN

£1,850,000+

Guide Price (plus fees)

A Commercial & Residential Investment Producing £124,200 Per Annum

Description

The property comprises a mid terrace building arranged to provide a ground floor shop and a six bedroom flat on the first and second floors.

Tenure

Freehold

Location

The property is situated in the popular area of Southall amongst the local shops and amenities of The Broadway. The open spaces of Southall Park are also within close proximity. Transport links are provided by Southall rail station.

Current Rent Reserved

Current Rent Reserved £124,200 Per Annum

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Shop Basement & Ground Shop Area, Basement Area, WC Let on a 10 year FRI lease from 15th October 2018 at a rent of £8,500 pcm (rent reviews every 3 years) £102,000 pa
Flat First & Second Six Bedrooms, Kitchen, Bathroom Let on a Guaranteed Rent Agreement for 5 Years from 15th March 2021 £22,200 pa

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Download Legal PackView Details as PDFEnquire NowRegister to Bid
Individual Appointments to be Arranged Via Our Office. Please contact Jordan Phillips to arrange an appointment on Jordan@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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