Freehold Investment For Sale in Cowley - London UB8
Ground Floor (Conveniance Store),
Gross Internal Area: (750 sq.ft.)
Offers in excess of £795,000 subject to contract
The property comprises a ground floor detached retail unit (A1 Use) which is currently let to a private tenant at a rent
of £16,000 pa on an effectively full repairing and insuring lease for a term of 10 years from 2015, with
provision for a tenant only option to determine on 29th September 2025.
Changes to the property to enable the significant redevelopment works being carried out to the remainder of the ground
floor, upper parts and rear of the property.
Current rental income from upstairs of £15,000 per annum as the 2 Bedroom flat is let out on a AST.
Also, there is huge planning for 6 Flats as there is land to the rear which has had positive Pre App from the council.
A copy of the Lease is available upon request.
> freehold investment in the Heart of Cowley.
> Highly reversionary rent of £31,000 per annum
> Affluent and highly desirable West London location
> Vibrant shopping thoroughfare
> Excellent public transport links
This property is elected for VAT and therefore VAT is payable in respect of the price.
Legal Fees: Each party is to bear its own legal fees