***new instruction - freehold investment for sale***
Ferrari Dewe are pleased to offer this prominent Freehold Investment of Three
Properties For Sale situated on the busy Greenford Road.
_Description / Accommodation Of 1288 / 1306 Greenford Road_ This Freehold
Investment with development potential comprising of a ground floor retail
premises (1288 Greenford Road) which has been let to Coral (now Ladbrokes).
Coral occupy nearly all of the ground floor, only a rear office area is
retained by the Freeholder which is accessed from the rear service road and is
now converted to a self contained studio unit.
Above the ground floor betting shop is a converted 3 bedroom flat. This
conversion now provides:
A staircase to the first floor, the front door to this area is located to the
rear of the property via a pathway from the rear service road. To the top of
the entrance stairs is a small lobby with 2 x fire doors.
The right hand door leads to a self contained studio flat which offers shower
room and WC, kitchenette cooking facility and dining area, a separate living /
sleeping area is adjacent with two separate window apertures to the front
elevation looking over Greenford Road. The room is bright and generous in size
and set out in an open plan fashion.
Returning to the stair lobby, leads to the remaining section of the original
first floor landing. Shared fully fitted kitchen providing cooking facilities
to the top floor rooms. Central heating is provided to the entire first and
second floor accommodation. Wash room for shared use. An asphalted rear roof
terrace for occupants to use during summer.
Stairs leading to the Top floor which offer three rooms, each room is Let
separately and house long term male tenants.
Externally, there is a rear service road, the area of service road to the rear
of the joint title 1288 / 1306, is the responsibility of the shop owner.
_Description / Accommodation Of Yard To Rear Of 1288 Greenford Road_ The
third property known as 'Land to the rear of 1288 Greenford Road' - offers an
open yard area of 2, 525 sq ft approximately, used for Storage with a Block
built secure Stores with double doors, the yard perimeter is secured with
palisade galvanised fencing and a large double gated entrance.
As shown on the adjacent photograph, a two storey brick built building has
been constructed, currently trading as Elm Tree Surgery. This Land / Yard
premises offers any purchaser a development opportunity subject to planning
consents.
_Tenancy_ floor tenant rent per annum
Top Floor Mr V Ward £11, 078. 16 Top Floor Mr C Ward £ 6, 600. 00
Top Floor Mr P Neale £ 6, 000. 00 First Floor Ms A Kachel / Mr Paszek £11, 460. 00
Rear Studio £ 9, 900. 00
Ground Shop Coral £20, 000. 00
Rear Yard Mr A Khelegi £16, 800. 00
total rental income £81, 838. 16 pa
_Terms_ Our client is seeking a price in the order of £1. 775M (One Million
Seven Hundred Seventy Five Thousand Pounds) plus VAT if applicable for this
Freehold Investment for sale subject to the current tenancies and income as
stated above, subject to contract.
_Business Rates & Service Charges_Business rates - each tenant is responsible
for their own costs and outgoings.
Service charge - we understand there are no charges payable.
_Viewings_ For further information or to arrange a viewing, please contact
Ferrari Dewe on Tel: Ext 223.
Contact: Steve Keenan
Email:
_Epc_ Available upon request.
These particulars are only a guide. They are not exact or guaranteed. Property
offered subject to contract.

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