The Green, Southall, Greater London, UB2

Description

The property comprises a four storey mid terraced building constructed around 1880s.  This property is 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.  The ground floor and basement comprises of a self contained grocery with an off license on the first floor. Second and third floor comprise HMO units which have a separate access to the rear of the shop.

Property has further potential to develop 4x 2 bedroom flats subject to planning permission.  

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.

TENURE

Freehold 

Existing HMOs have potential to generate over £50,000 per annum rental income. 

LEASE

Ground Floor Shop is available at vacant possession as current tenants lease is expired since February 2020. Potential to increase rent and renew with current tenant or can be occupied by buyer.

BUSINESS RATES

Rateable value £14,000pa Rates payable approx.  £6800 , Client is however advised to do their own due diligence.