Mixed Use for sale

165 THE VALE, ACTON, LONDON

Guide Price* £235,000

Property Description

Key features

  • PHILLIP ARNOLD AUCTIONS ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : Monday, 17 February 2020
  • LOT NUMBER : 3
  • SHOP AND UPPERS IN PRIME LOCATION WITH INVESTMENT INCOME
  • Mixed Investment
  • Freehold
  • *GUIDE PRICE : 235,000

Full description

This freehold terraced dwelling is located on Acton Vale opposite Acton Park and The Park Club. Good road links serve the area including the A40, M4 and A406. Ealing Broadway with its main shopping facilities station (District, Central and Main Lines) is 2 miles away with Acton Central Railway Station within walking distance. The property consists of a commercial unit on the ground floor let on a 10 year lease from 3/8/2011 producing a current rent of £9,000 P.A with rent reviews due on the 5th and 8th anniversaries (ie 3/8/2016 and 2019). Neither of these reviews have been actioned. The lease is due to expire on 02/08/21 and any intending purchaser can negotiate new terms with the tenant. The upper parts are split into four self-contained flats that have been sold off on leases, 3 of which are at 65 years unexpired. The overall current income for this lot is £9,480 P.A. This opportunity will be of interest to investors.

ACCOMMODATION
Commercial premises on the ground floor of approx 45.78 sq m
165A: Ground Floor - 99 year lease from 25/3/1985
165B: First Floor - 99 year lease from 25/3/1985
165C - Second Floor: 189 years from 25/3/1985
165D - Third Floor: 99 years from 25/3/1985
Current ground rent on each flat: £120 P.A doubling up to £240 P.A in 2051.

TENURE
Freehold

LOCAL AUTHORITY & TAX RATING
Ealing Council:
Rateable Value: £7,500 P.A
Council Tax Band: Flat 165A: A Flat 165B: C Flat 165C: C Flat 165D: 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.


Energy Performance Certificates (EPCs)

Nearest stations

  • Acton Central (0.3 mi)
  • South Acton (0.8 mi)
  • Turnham Green (0.8 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.

Floorplans


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 Central (0.3 mi)
  • South Acton (0.8 mi)
  • Turnham Green (0.8 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.

Disclaimer - Property reference 3033. 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 Phillip Arnold Auctions, Phillip Arnold Auctions. 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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*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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