Block of flats for sale in Yeading Lane, Northolt UB5

Situated amidst the bustling Yeading White Hart junction, Lawlors are proud to present this unique opportunity to purchase a mix of commercial and residential units with the added potential for further development subject to the relevant planning consents.

Commercial
The site comprises of 6 freehold individual commercial units all currently and consistently let by way of a lease term. The businesses in occupation have been diligently selected to ensure no duplicate trade within the parade and comprise of a tool hire premises, hairdressers, bed outlet, off licence and a fast food establishment (occupying a double unit).

Residential
The sale incorporates three apartments to include 1 x one bedrooms and 2 x two bedroom properties. All of the properties are in fair decorative order and let to the occupying tenants by way of an Assured Shorthold Tenancy Agreement producing a regular income.

Freehold
Included with the sale is the freehold interest of 15 other apartments within the building, most of which are approaching a lease term of 60 years remaining and presenting the opportunity for additional income by way of lease extension options from the current leaseholders.

Land
To the rear of the parade is the private access yard servicing the commercial properties and offering off street parking for the residential units above which is also included within the sale. Situated on this is a standalone, detached double garage which offers the potential for conversion into a light commercial unit (s.t.p.p).

Development Potential
Subject to the relevant planning consents, there is the option for further development above the current residential units, conversion option of the detached garages into a light commercial unit as well as the potential for development in the rear yard.

The vibrant parade is located on the borders of Northolt, Ruislip, Hayes and Yeading in the shadows of the busy White Hart roundabout offering very convenient access to a wide range of amenities and transport links. The popular location is paramount in the popularity and demand of both the residential and commercial aspects of this site.

Early enquiries are highly recommended.

Freehold parade comprising of
six individual commercial units
three apartments

Freehold interest of 15 additional apartments

Land / yard to the rear aspect
detached double garage

Potential for further development (S.T.P.P)

Prime location
rare investment opportunity
no chain