Units 2A, 2B & 2C, Phoenix Works, Cornwall Road, Hatch End, HA5 4UH

£700,000

Size

2,391

Tenure

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EPC

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Parking

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Primary use
Other
Other use(s)
Commercial development

No floor / site plan

Key features

  • FULLY LET INVESTMENT
  • DEVELOPMENT POTENTIAL
  • POPULAR LOCATION
  • YOGA/CLUB/RETAIL USES
  • LEASES OUTSIDE LTA 1954
  • SHORT TERM LEASES

Description

INVESTMENT / DEVELOPOMENT A rare opportunity to purchase an investment property with redevelopment potential. The property comprises three adjoining single storey buildings used as a yoga studio, private members club and a beauticians.

Our client is selling the freehold interest subject to three leases which are outside the security of tenure provisions of the Landlord & Tenant Act 1954.

UNIT 2A
Four years from 22.06.24 at a rent of £19,000 pa for two years rising to £20,000 pa. Tenant break 22.06.26

The tenant is Yoga Collective London Limited with a guarantor and there is a rent deposit.

UNIT 2B
Five years from 18.04.24 at a rent of £20,000 pa. There are rolling mutual break clauses after 18.04.26.

The tenants are four individuals and there is a rent deposit.

UNIT 2C
Let on a 5 year lease from September 2025 subject to a tenant only break clause after 2 years. Rent £8,000 pa.

The tenant is an individual with a guarantor and rent deposit.

Location

The property is situated in a service road off Cornwall Road running behind the shops on the south side of Uxbridge Road. Hatch End is an affluent residential area well known for its large range of high quality restaurants, beauty and skin treatment services and furnishing stores. There are also a number of retail outlets including a large Morrisons Food Store.

Hatch End Station is nearby and provides rail access to Central London and Watford.

By road, the M1 and A41 are within 15-20 minutes drive.

Strictly by appointment through VDBM.
toby.

An energy performance certificate (EPC) is available upon request. The properties have the following ratings of:-

Unit 2A - D (77)
Unit 2B - C (74)
Unit 2C - B (38)
Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements
Energy performance certificate: Ask agent
Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Units 2A, 2B & 2C, Phoenix Works, Cornwall Road, Hatch End, HA5 4UH

NEAREST STATIONS

London Overground

Hatch End Station

0.28 miles

London Overground

Headstone Lane Station

0.82 miles

London Underground

Pinner Station

0.98 miles

About VDBM Chartered Surveyors, Middlesex

VDBM Chartered Surveyors, Middlesex

VDBM is an independent firm of Chartered Surveyors, providing a wide range of professional services to property owners and occupiers.

Each of our services can be tailored to meet the needs of clients whether they be individuals, companies or charities.

We are active Commercial Estate Agents with an extensive list of available properties. We have recently launched a bespoke search and acquisition service for investors and buyers.

Our services include: property management, rent reviews/lease renewals, valuations & residential lease extensions, party walls, dilapidations, buildings repairs & maintenance and building surveys.

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Disclaimer - Property reference 1346FH. 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 VDBM Chartered Surveyors, Middlesex. 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.