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231 HIGH STREET, ACTON, LONDON

Guide Price* £340,000

Property Description

Key features

  • PHILLIP ARNOLD AUCTIONS ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : Friday, 01 November 2019
  • LOT NUMBER : 5
  • FREEHOLD INVESTMENT OPPORTUNITY IN POPULAR LOCATION
  • Commercial Investment
  • Freehold
  • *GUIDE PRICE : 340,000

Full description

This terraced dwelling is situated in the heart of Acton opposite Morrisson and Market Square. Good road links serve the area with easy access onto the A40 and M4. Ealing Broadway with its main shopping facilites and station is within two miles and Acton Town Piccadilly line station is also within walking distance. Shepherds Bush and London Westfield shopping centre are within 2 miles and Acton Main Line station, part of the planned Crossrail route is within walking distance. The property consists of a commercial unit over basement and ground floor levels that is let on a 16 year lease from 01/09/05 producing a current rent of £21,000. The lease is due to expire on 31/08/21 and of course any intending purchaser can negotiate terms with the tenant. The upper parts are split into two self contained flats that have been sold off on long leases and producing a ground rent income of £125pa per flat, thus the overall income for this lot is £21,250. The flats were sold on 125 year leases from 25/12/03 with fixed ground rent reviews every 25 years to £225, £365, £500 and £650 respectively. This lot will be of interest to investment buyers. We are advised that VAT is not applicable and the property is held in an SPV as a sole asset if of interest.

ACCOMMODATION
Commercial premises consists of Basement approximately 764 sf and Ground Floor approximately 590sf, thus 1354 sf overall.
231a and 231b are flats above. The latter is a split level flat.

TENURE
Freehold

LOCAL AUTHORITY & TAX RATING
London Borough of Ealing
Rateable Value £10000 and a further £900 for the ATM machine.
231a is Council Tax Band B and 231b is Band C

VIEWING TIMES
By appointment through the Auctioneers

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.


Nearest stations

  • Acton Town (0.4 mi)
  • Acton Central (0.5 mi)
  • Ealing Common (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Phillip Arnold Auctions, Phillip Arnold Auctions

24 New Broadway London W5 2XA

020 8012 5828 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

  • Acton Town (0.4 mi)
  • Acton Central (0.5 mi)
  • Ealing Common (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Phillip Arnold Auctions, Phillip Arnold Auctions

24 New Broadway London W5 2XA

020 8012 5828 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.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Phillip Arnold Auctions, Phillip Arnold Auctions on 020 8799 3880.


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