1. Property photo 1 of 1

£1,100,000

(£342.79/sq. ft)

Retail premises for sale
South Road, Southall UB1

    • 3,209 sq. ft

Added on 28/09/2022

About this property

    Location
    Southall is a major West London suburb with a resident population of 318,000, situated within the London Borough of Ealing. Southall is 11 miles west of Central London and Heathrow Airport is 7 miles to the west. London Paddington is just 18 minutes by train.The property is situated in a prime retailing position on the high street, a short walk from Southall Railway station.

    Description
    The property is a ground floor retail shop with 3 bedroom flat / office space on the first floor. The property forms part of a busy parade of shops that makes it an excellent trading position.

    Accommodation
    The following breakdown indicates the area’s and dimensions of the unit:
    Floor - description - area sqm - area sqft

    Ground - Retail Shop - 124.66 sqm - 1341.34 sqft
    Ground - Temp Wooden/ Corrugated Building - 173.54 sqm - 1867.29 sqft
    3 bed flat
    Total - 298.20 sqm - 3208.63 sqft

    Amenities
    A1 class use
    3 Bed flat / office on the first floor
    25 years lease remaining on ground floor from 2016
    2 years lease remaining on the uppers
    Ground floor rent £37,000 pa
    First floor rent £16,800 pa
    Total income £53,800 pa
    Total Retail area of approximately 3208.63 sqft

    terms
    Tenure

    Offers in the region of: £1,100,000 Plus
    Rent

    Ground floor rental £37,000 p.a.
    First floor 3 Bed Flat/Offices rental £16,800p.a.
    Total Income: £53,800
    Lease

    Ground floor - Let 25 years from 2016
    First floor 3 Bed Flat/Offices - Let 2 years remaining

    outgoings
    Interested parties are advised to confirm the rating liability with the Local Authority on .

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    Monthly repayment

    £5,502 per month

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