INVESTMENT - The property comprises a ground floor commercial investment prominently positioned on the corner of Harlington Road West and Lansbury Avenue, together with ancillary external storage/garage accommodation. The ground floor extends to approximately 722 sq ft, exclusive of the toilet area, and is occupied by Ladbrokes Betting & Gaming Limited, who have traded from the property for at least 25 years. A separate store/garage of approximately 312 sq ft is situated to the rear and accessed from Lansbury Avenue.
A new 10-year lease renewal has been agreed with Ladbrokes Betting & Gaming Limited from completion, at a passing rent of £14,000 per annum exclusive, on full repairing and insuring terms. The lease provides for a rent review at the fifth year and a tenant-only break option after five years. The long-standing occupation, together with the agreed lease renewal, provides an incoming purchaser with an established commercial investment and rental income from completion.
The first-floor residential flat, known as 90A Harlington Road West, has been sold off on a long lease dated 14 December 2010 and expiring 13 June 2079, at a peppercorn ground rent and on full repairing and insuring terms. The flat has not been internally inspected for the purposes of these marketing particulars.
