1288 / 1306 Greenford Road, And Yard £1,775,000

1288 / 1306 Greenford Road, And Yard £1,775,000

***NEW INSTRUCTION - FREEHOLD INVESTMENT FOR SALE***

Ferrari Dewe are pleased to offer this prominent Freehold Investment of ThreeProperties For Sale situated on the busy Greenford Road.

Tel: 020 8427 4288Email: [email protected]: www.ferraridewe.co.uk

• FREEHOLD INVESTMENTFOR SALE

• RENTAL INCOME £81,838PA

• REAR YARD DEVELOPMENTPOTENTIAL

These particulars are only a guide. They are not exact or guaranteed. Property offered subject to contract.

1288 / 1306 Greenford Road, And Yard To Rear Of 1288, Greenford, UB6 0HH

These particulars are only a guide. They are not exact or guaranteed. Property offered subject to contract.

DESCRIPTION / ACCOMMODATION of 1288 / 1306 Greenford RoadThis Freehold Investment with development potential comprising of a groundfloor retail premises (1288 Greenford Road) which has been let to Coral (nowLadbrokes). Coral occupy nearly all of the ground floor, only a rear office area isretained by the Freeholder which is accessed from the rear service road and isnow converted to a self contained studio unit.Above the ground floor betting shop is a converted 3 bedroom flat. Thisconversion now provides:A staircase to the first floor, the front door to this area is located to the rear ofthe property via a pathway from the rear service road. To the top of theentrance stairs is a small lobby with 2 x fire doors.The right hand door leads to a self contained studio flat which offers showerroom and WC, kitchenette cooking facility and dining area, a separate living /sleeping area is adjacent with two separate window apertures to the frontelevation looking over Greenford Road. the room is bright and generous in sizeand set out in an open plan fashion.Returning to the stair lobby, leads to the remaining section of the original firstfloor landing. Shared fully fitted kitchen providing cooking facilities to the topfloor rooms. Central heating is provided to the entire first and second flooraccommodation. Wash room for shared use. An asphalted rear roof terrace foroccupants to use during summer.Stairs leading to the Top floor which offer three rooms, each room is Letseparately and house long term male tenants.Externally, there is a rear service road, the area of service road to the rear ofthe joint title 1288 / 1306, is the responsibility of the shop owner.

DESCRIPTION / ACCOMMODATION OF Yard to rear of 1288Greenford RoadThe third property known as 'Land to the rear of 1288 Greenford Road' - offersan open yard area of 2,525 sq ft approximately, used for Storage with a Blockbuilt secure Stores with double doors, the yard perimeter is secured withpalisade galvanised fencing and a large double gated entrance.As shown on the adjacent photograph, a two storey brick built building hasbeen constructed, currently trading as Elm Tree Surgery. This Land / Yardpremises offers any purchaser a development opportunity subject to planningconsents.

TENANCYFLOOR TENANT RENT PER ANNUMTop Floor Mr V Ward £11,078.16 Top Floor Mr C Ward £ 6,600.00Top Floor Mr P Neale £ 6,000.00 First Floor Ms A Kachel / Mr Paszek £11,460.00Rear Studio £ 9,900.00Ground Shop Coral £20,000.00Rear Yard Mr A Khelegi £16,800.00TOTAL RENTAL INCOME £81,838.16 PA

TERMSOur client is seeking a price in the order of £1.775M (One Million SevenHundred Seventy Five Thousand Pounds) plus VAT if applicable for this FreeholdInvestment for sale subject to the current tenancies and income as statedabove, subject to contract.

BUSINESS RATES & SERVICE CHARGESBusiness rates - each tenant is responsible for their own costs and outgoings.Service charge - we understand there are no charges payable.

VIEWINGSFor further information or to arrange a viewing, please contact Ferrari Dewe onTel: 020 8427 4288 EXT 223.Contact: Steve KeenanEmail: [email protected]

EPCAvailable upon request.