20 Blyth Road, Hayes, Middlesex

This excellent investment opportunity is located in a prime location, a short walk from Hayes and Harlington Main Line station, that connects to London Paddington and forms part of the proposed Crossrail route. Hayes Town Centre is with its shops and numerous bus connections is also close to hand. The property forms part of a new mixed development that consists of 120 flats that have been sold off on long leases. The subject lot is a commercial investment over two floors offering approximately 5575 sf of space. The investment is being sold with the benefit of a 15 year lease that has just commenced at a rent of £90,000 per annum. The lease is granted to a franchisee of Energy Gyms and we understand that there are no break clauses. There are 3 parking spaces as per the plan in the legal pack (P65, P66 and P67). The rent does have concessions in the first five years as noted in the lease within the legal pack. However the seller will make the rent up to £90,000 pa during the rent free and reduced periods. This will be an allowance on completion. We are advised that the tenant is paying for the refurbishment which we understand is in the region of £400,000. They also paid for the planning that has been granted. The head leaseholder is responsible for putting in the mezzanine. We are advised that the building is the only asset in an SPV and accordingly that can be purchased if preferred.

ACCOMMODATION

Two floors consisting of approximately 6800 sf.
3 parking spaces: P65, P66 and P67

TENURE

Long Leasehold 999 years with peppercorn ground rent.

LOCAL AUTHORITY & TAX RATING

London Borough of Hillingdon 01895 250111
Rateable Value to be assessed.

VIEWING TIMES

By appointment through the Auctioneers. All viewing are subject to Government Covid 19 guidelines.