The Green, Southall, Greater London. UB2

Description

A fantastic investment opportunity exists to buy a freehold building with a mix of commercial and residential uses. The building has four stories. A commercial shop unit which is running as an Off-Licence is located on the ground floor . Right now, the residential property is rented out via ASTs and running as a Five bedrooms licenced HMO, which is fully occupied. A further studio apartment that is also rented out is located on the 3 level.  The studio and  five-bedroom HMO each have their own door at the back of the building which can be access from side rear secured gated entrance. 

There is opportunity to expand the development and add more STPP units.

Location

This property is located within walking distance to Southall Train Station, which will also have the new Crossrail station. With great transport links to Ealing Broadway, Heathrow, Reading and London Paddington. As well as access to the M4, M40 and M25. This property is also within walking distance to local shops and amenities.

Accommodation Schedule

Ground Floor Commercial Retail Unit
First Floor HMO - 3 Bedrooms
Second Floor HMO - 2 Bedrooms
Third Floor - 1 Studio Unit

TENURE

Freehold 

The Existing Rental Income From 5 Bedroom HMO is £42,000 Per Annum. Existing HMOs have potential to generate over £50,000 per annum rental income. 

1 Studio Unit On Third Floor is generating an additional £9,600 Per Annum.

Retail Unit Rental Income is £24,000 Per Annum.

Combined Rental Income of the property is £75,700 Per Annum.

The Mixed Use Commercial Investment has a net yield of 7.5% return on the investment.

RETAIL UNIT LEASE

Ground Floor Retail Unit has been rented out at £24,000 Per Annum on a 15 Year Renewable Lease.

BUSINESS RATES

Rateable value £14,000pa Rates payable approx.  £6800