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Retail premises for sale

£1,000,000 Offers over

The Green, Southall, Greater London UB2

Retail premises for sale 1
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Property description

Description

The property comprises a four storey mid terraced building constructed around 1880s. This property is of traditional construction with solid brick walls under a pitched roof with a slate covering. The floors are of solid concrete and suspended timber construction and the windows are aluminium framed double-glazed casement units. The ground floor and basement comprises of a self contained grocery with an off license on the first floor. Second and third floor comprise HMO units which have a separate access to the rear of the shop.

Property has further potential to develop 4x 2 bedroom flats subject to planning permission.

Location

Southall is a major West London suburb with a resident population of 318,000, situated within the London Borough of Ealing. The premises are about 2 minutes- walk from Southall main line Station. The property is situated on the northern side of the Green Southall in the London Borough of Ealing. This location is a good area situated minutes- walk from Southall Mainline Station (Crossrail coming soon) close access to M4, A40, M25, A312, A3.


Tenure


Freehold

Existing HMOs have potential to generate over £50,000 per annum rental income.


Lease


Ground Floor Shop is available at vacant possession as current tenants lease is expired since February 2020. Potential to increase rent and renew with current tenant or can be occupied by buyer.


Business rates


Rateable value £14,000pa Rates payable approx. £6800, Client is however advised to do their own due diligence.

Floorplan(s): Floorplan 1

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For more information about this property, please contact
Galaxy Real Estate, UB2 on +44 20 8115 8304 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Galaxy Real Estate, and do not constitute property particulars. Please contact Galaxy Real Estate for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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