Property Details - 183 South Ealing Road, Ealing, London

Photo of 183 South Ealing Road, Ealing, London

Sold for £87,000

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Lot 1

This ground floor lock -up shop unit is being sold as an investment opportunity and is currently let to Metrolet Ltd and its proprietor at a current rent of £6,500 pa. The lease commenced on the 25 June 2009 for a term of 10 years with rent reviews due on 25/12/2013 and 24/6/2017. The property is held on a full repairing and insuring lease and is being sold with the benefit of the on-going income. South Ealing Road is a popular commercial location surrounded predominately by residential roads and consists of a number of local traders and South Ealing Piccadilly Line tube station. The M4 motorway with access to Heathrow London Airport is also close at hand.

ACCOMMODATION

Total shop area, including storage area and WC: 90.7 sq m
(measurement taken from VOA website)

TENURE

Leasehold - 999 years from 29/9/1999
Ground rent: Peppercorn

LOCAL AUTHORITY & TAX RATING

London Borough of Ealing 020 8825 5000
Rateable Value: £14,250

VIEWING TIME

At the discretion of the tenant

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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.

183 South Ealing Road, Ealing, London

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