Auction House London

Lot 19

Commercial Property - Commercial Property 

165 The Vale

Acton, London, W3 7RD

Unsold. Please refer to Auctioneer for Reserve

A Commercial and Part Reversionary Ground Rent Investment Producing £9,120 per annum. The Ground Floor Shop is Let at £9,000 per annum. The Four Flats are all Sold Off on Underleases with a Combined Ground Rent of £120 per annum. Three of the Flats have 64 Years Unexpired on their Leases.

Description

The property comprises a mixed use mid terrace building arranged over ground and three upper floors. The flats are all sold off on underleases.

Tenure

Freehold

Location

The property is situated on an established parade overlooking Acton Park and within close proximity of central Acton and its shops and amenities. Transport links are provided by Acton Central overground station and Acton Town underground station (District & Piccadilly lines).

Note

We have been informed that the headlease is owned by a Housing AssociatIon and therefore the usual S5(b) notices do not apply. The head lessee manages and insures the building.

Column 1 Column 2 Column 3 Column 4
Property Floor Lease Annual Rent
Shop Ground 10 year FRI lease from 3.8.11. 2016 and 2019 reviews still outstanding £9,000
165A Ground 99 years from 25th March 1985 £30
165B First 99 years from 25th March 1985 £30
165C Second 189 years from 25th March 1985 £30
165D Third 99 years from 25th March 1985 £30

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.

View Details as PDFEnquire NowFinance AvailableRegister to Bid
There are no internal viewings For further information, please register for the legal pack. For all enquiries, please contact Jamie Royston at jamie@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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