Fully Let Income Producing Investment

FOR SALE

Comprising

2 lock up shops, 2 self-contained flats. Retail at 671/3 High Road, plus Flats 1 & 2 - 673a High Road, Seven Kings IG3

Other Details

Accomodation

Comprising a mid-terraced two-storey building providing 2 x lock-up shops on the ground floor, 1 x 1 bed flat & a studio flat on the first floor which are accessed directly off the High Road. It is understood all parts of the demise are separately rated & have their own meters, except the two residential units on the 1st floor, which have shared gas, water & electricity meters. Approximate floor areas & dimensions are as follows: Shop 671 - 62.2m2 Shop 673 - 60.5m2 (Residential Units unmeasured) Existing Tenancies and Rental Incomes Derived: Commercial. 671 – Let by way of an Assignment on 28th January 2022, at a passing rent of £23,000pax. It is understood that a rent deposit is held of £10,500. 673 – Let by way of a 10-year FRI Lease which was granted on 26th March 2019 at a passing rent of £22,000pax. A 6-month rent deposit is held. Residential. Flat 1, 673a High Road – Let on a periodic tenancy - producing £1,250pcm. Flat 2, 673a High Road – Let on a periodic tenancy - producing £1,400pcm. The current fully Let rental income is therefore £76,800pa. EPC Information FLAT 1 - RATED C FLAT 2 - RATED C SHOP 671 - RATED D SHOP 673 - RATED C Copy EPC certs available on request

Amenities

• Fully Let Investment • Mixed Use Retail/Residential • Short walk from Seven Kings (Elizabeth Line) Station • Rare Freehold Opportunity

Lease

FREEHOLD

Rent

Price. £995,000 (Nine hundred &ninety-five thousand pounds) to include the benefit of the existing tenancies & incomes.

Legal Costs

Each party are to be responsible for their own costs. Administrative Fee: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips. This fee will cover all associated administrative costs incurred. In the event that the Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Viewing

By prior appointment through sole agents Bennett Phillips 020 8501-3000 Simon Phillips at simon.phillips@bennettphillips.com