Property Details - 13 The Avenue, Ealing

Sold for £1,100,000

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Lot 8

This interesting mixed residential and commercial investment property is situated in a prime location within walking distance of West Ealing Main Line Station and within easy reach of Ealing Broadway with its multiple shopping and travel facilities. The building consists of a lock up shop and studio flat that are currently producing £10,000 pa. We understand that this lease runs until 2016. The upper parts consist of 2 x two bedroom flats and 1 x spacious four bedroom flat. These are currently let on assured shorthold tenancies with all tenants holding over on the terms of their original agreements. The two bedroom flats are producing £1250 pcm each (£15,000 each pa) and the four bedroom flat is producing £1700pcm (£20,400pa). Thus the whole building is being sold with an investment income of £60,400 and will be of interest to investment purchasers.

ACCOMMODATION

Shop Unit with kitchen and Studio flat to rear.
Shop area: (from VOA) Ground floor 28.62m2, basement 19.61, total area: approx 48.23
Flat A - Two Bedrooms, Lounge, Kitchen, Bathroom/WC
Flat B - Two Bedrooms, Lounge/Kitchen, Bathroom/WC
Flat C - Four Bedrooms, Lounge/Kitchen, Bathroom/WC

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

London Borough of Ealing
Rateable value: £6,200

VIEWING TIMES

By appointment through the Auctioneers

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

13 The Avenue, Ealing

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