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FREEHOLD INVESTMENT OPPORTUNITY WITH STRONG COVENANT

Lot 31

59a Heath Road, Hounslow, Middlesex TW3 2NP

Photo of 59a Heath Road, Hounslow, Middlesex TW3 2NP
Sold for £245,000

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FREEHOLD INVESTMENT OPPORTUNITY WITH STRONG COVENANT

Lot 31

This freehold terraced property consists of a lock-up shop unit that is currently let on a full repairing and insuring lease to a subsidary of Bwin International Ltd for a 15 year term from July 2006 at 15,000 pa with predetermined 5 yearly reviews increasing to 18,000 pa and 21,000. The tenants are owned by a well-known company within the betting industry, well-established in the UK and throughout Europe, currently sponsoring the Real Madrid football team. There is a maisonette above the property that has been sold off on a long lease for a period of 110 years from 02-01-94 at a ground rent of 100 pa. This property is sold with the benefit of all income.

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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.

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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.

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