Auction House London

Lot 10

Retail Property (high street) - Commercial Property 

31A The Broadway

Greenford, Middlesex, UB6 9PN

Sold Prior

Guide Price (plus fees)

A Mid Terrace Building Arranged to Provide a Ground Floor Retail Unit Let Producing £24,800 Per Annum.

Description

The property comprises a a mid terrace building arranged to provide a ground floor retail unit and a first floor former snooker hall which has been sold off on a long lease.

Tenure

Freehold

Location

The property is situated on a busy commercial road. Nearby multiples include Boots Opticians, Halifax and Iceland. Transport links are provided by Greenford underground and rail stations (Central line).

Note

Ladbrokes Betting & Gaming Ltd have been in occupation since 1990 and were previously paying a rent of £31,000 per annum however the rent was renegotiated down to £24,800 per annum during the Covid-19 lockdown.

VAT

VAT is applicable (TOGC available)

Addendum

Sold prior to auction, for an undisclosed amount

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
31A Ground Retail Area, Rear Office, WC Let on a 6 year FRI lease to Ladbrokes Betting & Gaming Ltd from 25th December 2020 £24,800 Per Annum
31B First Former Snooker Hall Sold off on a 999 year lease Peppercorn

Additional Fees and Disclaimer

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Sold Prior
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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*Unsold, please refer to Auctioneer

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