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Lot 1 Click here for addendum

Freehold – Large Retail Unit and 6 x 2 Bed Flats & 16 Studios – Gross Yield 10.1%
By Order of a Family Investment Company
6 week completion

Situation

Prominently located on the main A406 North Circular Road at the junction with Gunnersbury Lane, adjacent to a BP Petrol Station/M&S Simply Food and opposite a variety of independent traders, all serving this popular and sought-after residential area.
The property is conveniently located within 500 yards of Acton Town Underground Station (Piccadilly and District Lines) and benefits from excellent road access to the M4 and A40.
Ealing lies approximately 7 miles west of central London.

Property

A detached building comprising:

A Large Ground Floor Retail Unit.
Residential Upper Part (GIA Approx. 6,758 sq ft) with separate front access - Rebuilt in 2019 to include rear and side extension and new third floor comprising:
- 4 Self-Contained Flats (each comprising 4 Studios each with Ensuite and shared communal fitted Kitchen)
  (16 Studios in total within the building - see Notes 1 & 2)
- 4 Self-Contained Flats (each 2 Beds each with Ensuite, Living Room, Kitchen and Terrace - see Note 3)
- 2 Self-Contained Flats (each 1 Bed with ensuite, Living Room with Ensuite, Kitchen and Terrace - see Note 3)

The flats have been finished to a high standard and include uPVC double glazing, entryphone, gas central heating and fitted kitchens with white goods and electric hob & oven.

The property also includes a Bike Store, Plant Room, Bin Store and Solar Panels.

Click here to view the floor plans.

Video Tour

Click here to view the video tour of the residential common parts.
Click here to view the video tour of Flat 2.

VAT is applicable to the commercial element.

FREEHOLD

Note 1: Flats 1, 2, 5 & 6 (HMOs) are fully furnished where each Studio includes a bed, bedside table, chest of drawers and built-in wardrobe space.

Note 2: If mini kitchens are put in each of the 16 Studios, there is potential to apply for change of use from HMO to Residential (C3).

Note 3: Flats 3, 4, 7, 8, 9 & 10 are either part-furnished (to include beds, bedside tables and chest of drawers in the bedrooms) or fully furnished.

Note 4: There had been an Advertising Hoarding on the left flank wall which was previously let at £10,000 p.a. There may also be potential to erect an Advertising Hoarding on the right flank wall.

Note 5: This purchase may be subject to Stamp Duty Land Tax Relief for Multiple Dwellings provided completion takes place prior to 1st June 2024 - Applicants should consult their own advisors in this respect.

Note 6: There is a 6 week completion.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

113–117 Gunnersbury Avenue, Ealing, London W5 4LR