FREEHOLD FOR SALE

120 Uxbridge Road · Hanwell · Middlesex · W7 3SU

Landmark Corner Freehold on this Busy Intersection


3 Shops (2 let and 1 vacant) plus 9 bedsits & basement part-converted to self-contained flat

Existing investment or development potential for creation of self-contained flats

LOCATION:              A prominent corner freehold situated in the heart of Hanwell.

A red-brick fronted Victorian building sited on the intersection of The Broadway / Uxbridge Road and Boston Road.                    

The property is close to local bus routes and public car parks, with Hanwell railway station being a short walk to the north

The north circular and junction 2 of the M4 motorway are just a short drive distant.

DESCRIPTION:                         A prominent corner freehold comprising 3 shops on the ground floor, basement partly converted to one bedroom flat and 9 HMO registered bedsits over the first and second floors.

AMENITIES:                             

· Prominent corner freehold

· HMO registered bedsits, 3+ years remaining on licence, annual inspection completed. Advised average income, £125 per week each

· Scope for conversion of basement, first and second floors to self-contained flats (STPP)

· Secure rental income on shops with rent reviews pending

· Additional income from letting of vacant A2 unit

ACCOMODATION:                   

Ground floor                   (as advised by vendor)

Express Kebabs:           approx. 7 years remaining on lease - £7500 p.a.                                                                   (rent review 12/05)

Approx. 450 sq.ft plus basement

The Bakery:                   approx. 15 years remaining on lease - £12,500 p.a.           
                                                                         (rent review 01/06)         

Approx. 800 sq.ft plus basement

120a:                            occupier by vendor / Use Class A2
Approx. 350 sq.ft
                                        

Basement                     Part converted to 1 bedroom flat
                                   
First floor                       4 bedsits, kitchen, bathroom, 2 WCs & 2 showers
                      
Second floor                  5 bedsits, kitchen, WC & shower

Plus loft offering scope for further accommodation, subject to consents

TERMS:                                    2 shops             -           subject to tenancies

                                                1 shop              -           vacant possession

                                                Basement         -           vacant possession

                                                Bedsits             -           vacant possession or with occupiers (as preferred)

PRICE:                                     Offers in excess of         £900,000

BUSINESS RATES:                   2005 Rateable values for shops are advised as:

£3650 (120a), £8600 (The Bakery) & £2050 (Express Kebabs).

Current rate in pound paid 42.2 pence

First & second floors are subject to council tax, basement yet to be assessed.

LEGAL COSTS:        Each party to bear their own legal costs in the transaction

VIEWINGS:             Strictly by appointment with the joint sales agents.


Anthony J Lewis & Co.

01932 700063

Contact: John Lewis

john.lewis@anthonyjlewis.com

SUBJECT TO CONTRACT

Prices & rentals are subject to VAT where applicable
These details are written in the belief that they are correct, but liability cannot be accepted for any inaccuracies therein. Measurements should be checked.

These details do not form part of any contract and are without prejudice.