36 King Street
Southall
Greater London
UB2 4DB

Freehold Shop Investment

  • Densely populated West London suburb
  • Lease expires 2030
  • VAT -free investment
  • Lot
    3
  • Auction
    28/Mar/2018
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £571,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mapeley
Important Property Update
  • 36 King Street<br>Southall<br>Greater London<br>UB2 4DB
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Property Information

Location
Miles
13 miles west of Central London, 4 miles west of Ealing, 5 miles north of Brentford
Roads
A3005, A4020, M4, M25
Rail
Southall Railway Station
Air
London Heathrow and London Gatwick Airports
Situation

Southall is a major West London suburb, situated within the London Borough of Ealing. Southall is 13 miles west of Central London, 4 miles west of Ealing and 6.5 miles east of the M25 (Junction 15). The town is served by Southall Railway Station with regular services to London Paddington and Heathrow Airport 5 miles to the south. The property is located on King Street, close to its junction with Western Road and 700 metres south of Southall Railway Station. Nearby occupiers include Ladbrokes, Tesco and Betfred, amongst a number of other traders.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation at rear upper ground, rear lower ground and first floor. The basement entrance has restricted height and was not inspected. The rear upper ground and first floors have a separate entrance from the rear. The property benefits from a rear yard to park 2 cars .

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Rear Upper Ground
Rear Lower Ground
First
Basement – not inspected
Retail
Ancillary
Ancillary
Ancillary
70.5 sq m
15.0 sq m
18.0 sq m
29.0 sq m
(759 sq ft)
(161 sq ft)
(194 sq ft)
(312 sq ft
THE NAAN
SHOP LTD
with personal
guarantee (1)
t/a NAAN
15 years from
26/06/2015 on
a full repairing
and insuring
lease
£35,000 (2)2020 &
2025
Total
132.5 sq m
(1,426 sq ft)
  £35,000 

(1) www.thenaanshop.co.uk
(2) Rent deposit of £11,666.66 held.

Property Documents

  • Catalogue Page
    Updated Date
    06.03.18
    File Size
    800 KB
    View PDF
  • Site Plan
    Updated Date
    06.03.18
    File Size
    745 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Seller's Solicitors
Irwin Mitchell LLP Bauhaus, Rossetti Place, 27 Quay Street
Manchester
M3 4AW
Paul Barnard 0161 838 3142paul.barnard@irwinmitchell.com  Briana Scally 0161 838 3166briana.scally@irwinmitchell.com

Useful Links

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