The property comprises a ground floor D1 property, situated within a mixed use development, which has been converted to create classrooms for a tuition centre serving the local community. The development benfits from pleasant surrounding and scenic views of the Grand Union Canal.
Location
This property is located within a new residential development constructed in 2015 and is located in a prominent position with exposure to the main road. The property benefits from excellent transport links with Alperton Underground Station (Piccadilly Line) being within a few minutes walk from the development. Numerous bus routes service the area to include 79, 83, 224, 245, 29 and 485 proving access to Ruislip, Uxbridge, Central Middlesex Hospital, Ealing Broadway, Harrow and Hanger Lane gyratory system. The Grand Union Canal has cyclist-friendly paths with direct access into central London. Road users have very easy access to the A40 for central London and the M25 and A406 North Circular for Brent Cross and the M1.
Accommodation
Ground Floor Commercial - 2,279 SQ FT (211.73 SQ M)
(This property has not been measured by Telsar)
Terms
Tenancy
The sale is subject to one tenancy:
Lease to Talent Engaged Tuition for a 10 year term from 24th December 2019 at a rent of £50,000 pa.
The property has not been internally inspected or measured by either Telsar or the Joint LPA Receivers. The information contained within these particulars has been provided by the Mortgagor, including the tenancy information which was provided in unsigned and undated tenancy terms. The Receivers have been unable to verify whether the aforementioned tenancy information is correct.
The Joint LPA Receivers are not receiving rent and are unable to confirm how many occupants are residing in the property (if any), who occupies the property or on what basis. As such, prospective buyers are advised to make their own enquiries in this regard and are deemed to offer accordingly.
Tenure
Long Leasehold with circa 123 years unexpired (Subject to Tenancies & Proof of Funding)
Price
£525,000 plus VAT
Planning
Interested parties are advised to make their own enquires with the London Borough of Brent.
Gross Annual Income
£50,000 pa exclusive
Net Yield
9.09% assuming purchasers cost of 4.80%
VAT
The sale price will be subject to VAT.
Business Rates
Interested parties are advised to contact to obtain this figure.
Legal Costs
Each party to bear their own legal costs.
Further Info
Viewings:
Internal viewings are currently not possible. Interested parties are advised to view externally. Should this change in the future, the marketing documentation will be updated.
The property is being marketed for sale on behalf of Joint LPA Receivers (“the Receivers'') and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this listing or any matter relating to the properties, including VAT. Any information provided is provided without any responsibility on the part of the Receivers, their partners, employees agents or successors and without liability for any reliance placed on it. The Receivers are acting without personal liability whatsoever.
Specification
- Prominent location
- Glass elevations
- WCs
- Power