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Commercial Property for sale

Western Road, Southall

Offers in Region of £400,000

Property Description

Key features

  • For Sale - 400,000
  • Mixed use income producing investment
  • Current gross yield 7.35%
  • Current rental income of 29,400 pa
  • Ground floor retail unit
  • Self-contained two bedroom first floor flat
  • Car parking to the rear
  • Freehold
  • Excellent transport links into Central London via Southall station
  • Located on the thriving Western road in Southall

Full description

The ground floor retail space has a fully glazed frontage and a single metal framed entrance door. The main ground floor retail space consists of three cashier’s desks, down each side, behind double glazed glass. The ground floor benefits from a suspended ceiling, tiled floors and florescent strip lighting.

To the rear of the ground floor, there are two offices which both have the benefit of tiled flooring, plastered and painted walls with pendant ceiling lighting. The side extension consists of a small kitchenette with a stainless-steel sink and drainer and concrete flooring. There is also a small WC with a wash hand basin.

To the rear of the property there has been a single-storey brick extension. Parking for the property is located at the rear, and accessed off Belmont Avenue.

Continued Description - To the first floor there are two bedrooms which both have wooden laminate floor, with plastered and painted walls and pendent ceiling lighting.

The kitchen has part tiled and part wallpapered walls, strip wood laminate flooring, fitted base and eye level units and fixed ceiling spot lighting. There is also a stainless steel stink and drainer, free standing gas hob and oven.

The family bathroom is a good size and consists of a bath, WC, wash hand basin, fully tiled walls and vinyl flooring.

The first floor has a mix of double and single glazed windows. There is gas central heating and wall mounted radiators, throughout the ground and first floor accommodation. The first floor flat would benefit from some modernisation.

Accommodation - Ground floor Net Internal Area – 71.86 sq.m (774 sq. ft)
Ground floor ITZA Floor Area – 37.47 sq.m (403 sq.ft)
First Floor Gross Internal Area– 70.23 sq.m (756 sq.ft)

Services - We understand the property to have mains gas, electricity, water and drainage however we advise any interested parties to make their own enquiries.

Tenure - The property is freehold.

Investment Analysis - The property is currently rented at £29,400 per annum, reflecting a gross yield of 7.35%. There is no formal lease agreement in place for the property.

Rateable Value - The premises have a current rateable value of £14,500 with rates payable equating to £6,945.50 (2017/2018).

Council Tax - TBC

Guide Price - £400,000 +


More information from this agent

Nearest stations

  • Southall (0.5 mi)
  • Hayes & Harlington (1.5 mi)
  • Hounslow West (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Southall (0.5 mi)
  • Hayes & Harlington (1.5 mi)
  • Hounslow West (1.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27604061. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Pye Property, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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