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13 The Avenue, Ealing, London, W13 8JR

Offers in Excess of
£1,800,000

Business rates & charges may apply

Tydus Peterborough, Peterborough
SIZE

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SECTOR

High street retail property for sale

Key features

  • 7 unit HMO with ground floor commercial unit
  • Residential fully let at a gross income of £136,400 pa
  • Commercial unit offered with VP or a short term lease back
  • Travel time of 14 mins to Paddington and 17 mins to Bond Street via the Elizabeth Line.
  • Offers in excess of £1,800,000, STC and excluding VAT, equating to 6.40% NIY and a capital value of £775 psf

Description

The property is a well maintained, brick built mixed use building built in the 1960s arranged over basement, ground and three upper floors. The ground floor commercial unit extends out onto the street with the residential above set back from the road. The property is brick built and sits under a pitched tiled roof with a flat roof over some of the commercial element. The loft space was converted in 2016 to create further habitable space. All glazing is modern, with double glazing as a minimum. The windows on the upper floors are uPVC fittings and Velux windows in the converted loft space. Access to the commercial unit is via a steel framed glazed door, to the left hand side of this door is a timber entrance door which gives access to the residential units. Internally, the residential communal areas are well set out with all residential units accessed from the communal hallway / landing areas. All residential units were renovated in 2019 and benefit from a self-contained kitchen area and en-suite bathrooms. The communal kitchen / utility room is largely used for laundry purposes.

The property is well positioned on the western side of The Avenue opposite The Drayton Court public house which is at the southern end of the street. The immediate area benefits from several newsagents, pharmacies, cafés, a florist, a dry cleaners and several takeaway food outlets, all of which are independent operators.
The building sits within the Ealing Council local authority area. The property is only a 1 minute walk from West Ealing Station which has a travel time of 14 minutes to Paddington and 17 minutes to Bond St via the Elizabeth Line. The immediate vicinity is improving rapidly with recent developments such as Twenty Three West and Luminosity Court now complete.

The property is not listed and does not sit within a conservation area.

Offers sought in excess of £1,800,000, subject to contract and excluding VAT. This equates to net initial yield of 6.40% after purchaser’s costs and reflects a capital value of £775 psf.

Brochures

13 The Avenue, Ealing, London, W13 8JR

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • West Ealing Station0.1 miles
  • Drayton Green Station0.4 miles
  • Castle Bar Park Station0.7 miles

About Tydus Peterborough, Peterborough

Trinity, Trinity Street, Peterborough PE1 1DA

Notes

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Disclaimer - Property reference 233991-1. 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 Tydus Peterborough, Peterborough. 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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