Property Details - 40a,40b And 41 Oldfield Circus, Northolt, Middlesex

Photo of 40a,40b And 41 Oldfield Circus, Northolt, Middlesex

Withdrawn

Lot 19

This three storey terraced building consists of a ground lock up shop (A5 Use) with rear access let on a 15 year lease from 20th December 2013 at a rent of £16,000pa (subject to 5 year rent reviews) together with two self-contained flats above both benefitting from independent rear entrance. The second floor 2 bedroom flat is let on an AST for a term of 6 months at a current rent of £950 pm (£11,400 pa - with indications of current ERV circa £1,100pm). The first floor flat is sold off on a long lease for a term of 125 years from 12/2/92 at a ground rent of £100 pa (rising). Found to the south of Whitton Avenue West (A4090) on the east side of Oldfields Circus overlooking the roundabout within a busy secondary parade which includes other traders such as Costcutter, Post Office, Boots pharmacy, and Ladbrokes. This lot will be of strong interest to investment purchasers.

ACCOMMODATION

Shop: Frontage 20’ with a depth of 36’, rear lobby area with door to rear access, separate WC and external under-stair storage.
Total GIA approximately 748 sq ft (69.5 sq m).

Second floor flat: Separate rear access to 2 bedrooms, reception room, kitchen, bathroom/WC. Potential exists to extend the accommodation into the loft space subject to receiving all necessary consents.

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

London Borough of Ealing 020 8825 5000
Rateable Value for shop: £13,500
Council Tax Band for flat (A): C & flat (B): B

VIEWING TIMES

By appointment through the Auctioneers

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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 the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

40a,40b And 41 Oldfield Circus, Northolt, Middlesex