7 to 9 King Street
Southall
Greater London
UB2 4DF

Freehold Retail and Residential Investment

  • Retail let to Tote Bookmakers Limited t/a Betfred and part sublet to Lens Masters Photography
  • Includes 2 x four room self-contained maisonettes
  • Residential development potential (subject to consents)
  • Nearby occupiers include Tesco Express, Ladbrokes, Paddy Power and an eclectic mix of local retailers
  • Lot
    48
  • Auction
    11/Jul/2019
  • Rent
    £87,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,500,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of Mortgagees in Possession
Important Auction & Property Update
  • 7 to 9 King Street<br>Southall<br>Greater London<br>UB2 4DF
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

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, 3 miles to the north-east of Heathrow Airport. The property is located on the east side of the busy King Street, a neighbourhood district less than a mile to the south of The Broadway. The property benefits from being some 200 metres north of Havelock Road Sikh Temple, the largest outside of India, with a capacity for 3,000 people. Nearby occupiers include Tesco Express, Ladbrokes, Paddy Power and an eclectic mix of local retailers.

Tenure

Freehold.

Description

The property comprises two mixed use terraced buildings with retail accommodation on the ground floor and ancillary accommodation in the basement. Each building has a substantial four room self-contained maisonette on the first and second floors. The property may be suitable for residential development (subject to consents).

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
7-9Ground
Basement
Retail

232.04 sq m
81.32 sq m
(2,498 sq ft)
(875 sq ft)
TOTE BOOKMAKERS
LTD t/a Betfred and
part sublet to Lens
Masters Photography
(1)
10 years from
10/09/2009
£57,00009/09/2019
7aFirst and
Second
Residential
4 Room
Maisonette
100.51 sq m
(1,082 sq ft)
INDIVIDUALSAssured
Shorthold
Tenancy
£14,400 (2) 
9aFirst and
Second
Residential
4 Room
Maisonette
103.62 sq m
(1,115 sq ft)
INDIVIDUALSAssured
Shorthold
Tenancy
£15,600 (2) 
Totals  
517.49 sq m
(5,570 sq ft)
  £87,000 

(1) For the year ending 24th September 2017, Tote Bookmakers Ltd reported a turnover of £138,752,000, pre-tax profits of £17,163,000 and a total net worth of £15,835,000 (Source: Experian Group 30/05/2019). The tenant has sublet the ground floor retail unit of Unit 9 and the entire basement. The subtenant has traded from the property for approximately 10 years and currently pays a rent of £25,000 per annum exclusive.
(2) As to the residential maisonettes, the rents stated above have been annualised and the floor areas stated are Gross Internal Areas.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Wignall Brownlow LLP 334 Deangate
Manchester
M3 4LY
+44 (0)161 839 5290
Jonathan Brownlow +44 (0)161 839 6409 jdb@wignallbrownlow.co.uk
Seller's Solicitors
Gateley LLP One Eleven, , Edmund Stet
Birmingham
B3 2HJ
Shazan Miah 0121 234 0261shazan.miah@gateleyplc.com

Useful Links

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