Mixed Use
A four storey mid terraced building constructed around 1880s of traditional construction with solid brick walls under a pitched roof with a slate covering. The floors are of solid concrete and suspended timber construction and the windows are aluminium framed
double-glazed casement units. Total income £75,700 per annum.
The ground floor and basement comprises of a self-contained grocery with an off license having a current rent passing of £24,000pa.
The first and second floor comprises 5 HMO units which have a separate access to the rear of the shop and have scope to generate £50,000 per annum rental income with current rent passing of £42,000pa.
The third floor studio unit is generating an additional £9,600 per annum.
LOCATION
Southall is a major West London suburb with a resident population of 318,000, situated within the London Borough of Ealing. The premises are about 2 minutes walk from Southall main line Station.
The property is situated on the northern side of the Green Southall in the London Borough of Ealing. This location is a good area situated minutes’ walk from Southall Mainline Station (Crossrail coming soon) close access to M4, A40, M25, A312, A3.
Council Tax Bands: B, A, A.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Very low.
O2, EE, Three and Vodafone are available.
Standard 17 mbps. Superfast 80 mbps.
BT and Sky are available.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 2% of the purchase price inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.