Block of flats for sale in Greenford Road, Greenford UB6

Potential for Redevelopment. Freehold investment for sale.

Located very close to the Greenford Quays Development with exciting new Retail & Leisure Facilities.

Also very close to Two Underground and Overground Stations, Bus Stops and local Established Shops.

This substantial redevelopment of the Canal area is positive for the surrounding areas, generating increased business opportunities, and there is potential for the current Rental amounts to be increased for all the 5 units.

Presently the Total Per Annum Rental Income is £89,878.16 (see below for rental income breakdown).

This Package includes Tenants in Situ of One Studio flat being self-contained with a Kitchen and a Bathroom, and also Three Rooms with shared Communal Areas of Kitchen, Bathroom, and Rear Roof Terrace, and substantial Commercial Ground Floor Retail premises presently Let to a leading Bookmaker, and at the rear of the building there is a vacant Office Unit, and a Commercial Storage Yard.

Comprising of Retail and Residential Premises at 1288 Greenford Road, Residential Property 1306 Greenford Road, and an Office Unit at 1306C Greenford Road, and a Large Commercial Yard to the rear of 1306 Greenford Road, Greenford, UB6 0HH.

Rear of 1306 Greenford Road the yard is a Commercial Yard presently used for Storage Only. The Yard is Gated, with outdoor storage area, and is accessible from a service road behind the local shops off of Horsenden Lane North. Conveniently located near the A40 motorway.

1288 Greenford Road, UB6 0HH Ground Floor Large Shop.

1306C Greenford Road, UB6 0HH A separate Office Unit - Vacant.

1306 Greenford Road, UB6 0HH, Three Rooms plus a First Floor Studio Flat.

Access to the Ground Floor and 1st Floor Studio Flats and the Rooms/Communal Area is from the rear service road and a staircase from a walkway leading off behind the parade of shops.

The 1st Floor Studio is bright, airy, and very well thought out in layout, such is the spaciousness of this Investment Property.

With the combined Lounge/Bedroom area overlooking Greenford Road, this Studio Flat is Open Plan with a breakfast bar between the Lounge/Bedroom area and the Kitchen/Dining area, with room for a Dining Table and chairs, which is most unusual for a Studio Apartment.

This main kitchen/dining area has ample worktop space, a cooker, a kitchen extractor fan, under counter refrigerator, and kitchen cupboards.

An opening from the Kitchen/Dining Room leads to a Kitchenette area with yet more kitchen cupboards, a kitchen basin, and more countertop space.

The Kitchenette leads to a good size shower room and WC.

The Top Floors Rented Property/Rooms (located on the 1st and 2nd Floors) and respective Communal Areas are accessed from the 1st Floor stair lobby, which leads to the fully working Communal kitchen, shared Washing Machine, Oven, Hob, Refrigerator, Kitchen Cupboards (specific to each Rented Room) and food preparation area, and further stairwell to the Rooms, and Communal Bathroom.

Central heating is provided to the entire first and second floor accommodation.

The external Ground Floor Office Unit is directly accessible from the Rear Service Road. The Open Plan of the petit Office area, with adjacent Ensuite Shower Room, opens onto the Kitchenette which houses a Washing Machine, Fridge Freezer, Electric Hob and Electric Oven. There is also a breakfast bar.

Total Per Annum Rental Income is approximately £89,878.16
The Yard £16,200 per annum
Tenant rent per annum
Top Floor £11,078.16
Top Floor £9,000.00
Top Floor £9,000.00
First Floor Studio £14,700.00
Office Unit £9,900.00
Ground Shop Coral £20,000.00

Terms
The asking price of this Rare Freehold Combined Property Investment is £1,650,000.00 (One Million Six Hundred Fifty Thousand Pounds) plus VAT if applicable, for this Freehold Investment for sale subject to the current tenancies and income as stated above, subject to contract.

Business Rates & Service Charges
Business Rates

For the Residential properties, Gas, Electricity, Council Tax and Water Rates are included in the Rent.

The Retail and Commercial Yard Occupiers are responsible for their own Business Rates and outgoings.

Service charge: There are no charges payable.

Viewings
For further information or to arrange a viewing, please contact Russell Owen llb Hons directly or by email info@dmandco.london

Please note, the particulars detailed above are only a guide. They are neither exact nor guaranteed.

The property offered Subject to Contract.

Contact DM and Co to arrange a viewing.

DM & Co, Synonymous with Competitive Rates, Integrity and Success!

DM & Co is Proud to Inform you we now offer both Residential and Commercial Sales Services, to complement our Trusted Lettings and Management Services, due to popular demand.