111 The Broadway
Southall
Middlesex
Greater London
UB1 1LN

Freehold Retail and Residential Investment

  • Retail Unit let until 2028 (no breaks)
  • Includes a 6 room Maisonette on the first and second floors.
  • Retail rent review to Open Market Rent of increased by 10%
  • October 2021 Rent Review
  • Popular and busy Cosmopolitan West London suburb
  • VAT-free investment
  • Lot
    11
  • Auction
    21/Jul/2021
  • Rent
    £124,200 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 111 The Broadway, Southall, Middlesex, Greater London, UB1 1LN
  • 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
A4020, M4, M25
Rail
Southall Railway Station
Air
London Heathrow and London Gatwick Airports
Situation

Southall is a major cosmopolitan 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 south side of The Broadway, (A4020) a busy and popular retailing street synonymous with Asian Jewellery and fashion shopping across Europe. The Broadway is home to an eclectic mix of independent retailers, restaurants and cafes.

Tenure

Freehold.

Description

The property comprises a self contained commercial unit with ground floor retail accommodation and ancillary accommodation in the basement and a self contained six room maisonette on the first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
Ground
Basement
Retail
Ancillary
144.74 sq m
14.03 sq m
(1,558 sq ft)
(151 sq ft)
(1)
MAHI’S FASHION
LIMITED (CRN
1051116) with a
personal guarantee
10 years from
15/10/2018 until
14/10/2028
£102,000 (5)15/10/2021,
15/10/2024
and
15/10/2027
(3)
First and
Second
6 Room
Maisonette
59.18 sq m
59.18 sq m
(637 sq ft)
(637 sq ft)
(2)
LOFT AND MAIN
LIMITED (CRN
12324737)
5 Years from
22/03/2021 (4)
£22,200 (4) 
Total Approximate
Floor Area
277.13 sq m
(2,983 sq ft)
  £124,200 

(1) The Ground and Basement floor areas stated above are those published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/valuations/15720449000.
(2) The floor areas stated above for the maisonette are Gross Internal Areas.
(3) The lease provides for the rent at each review date to be reviewed to the higher of Open Market rental Value of increased by 10%.
(4) As to the maisonette the lease provides to a rolling Landlord's option to determine the lease after 30 months from the date of the lease on serving 6 months notice and a rolling Tenant option to determine the lease after 25 months from the date of the lease on serving 2 month notice. The stated above has been annualised, the rent reserved under the terms of the lease is £1,850 per month.
(5) As to the retail unit, the lease provides for the rent to be paid monthly.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    07.07.21
    File Size
    6 MB
    Login to View
  • Site Plan
    Updated Date
    01.07.21
    File Size
    817 KB
    View PDF
  • Catalogue Page
    Updated Date
    01.07.21
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 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 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Windsor Law Group 59-60 Thames Street
Windsor
Berkshire
SL4 1TX
Nadine Blacklock 01753 256 050info@windsorlawgroup.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now