24 Northfield Avenue, Ealing, London W13 9RL
FREEHOLD SHOP AND UPPERS IN PRIME LOCATION
This freehold mixed use building is situated on a popular commercial parade surrounded by a number of residential dwellings. A number of local traders operate on Northfields Avenue along with some larger users such as Tesco and Sainsburys. The property consists of an A2 premises to the ground floor and a one bedroom self contained flat above. The flat has been sold on a long lease from 29th September 1987 with a ground rent of £100.00 rising by £50.00 every 25 years and has approximately 92 years unexpired. The ground floor premises has been let on a full repairing and insuring lease at £15,500 pa to a firm of surveyors. The tenants have given notice to the vendor to quit and we understand will be vacating on or before 29th September 2019. The property is therefore sold on the basis that it may or may not be vacant until completion and any relevant paperwork will be contained in the legal pack. This is an excellent opportunity to purchase an investment property within a prime location.
Ground Floor consisting of an A2 Office approximately 650sf First Floor consisting of One bedroom Flat sold on a long lease.
LOCAL AUTHORITY & TAX RATING
London Borough of Ealing 0208 825 5000 Rateable Value £11,250 Council Tax Rating on Flat: Band C
Saturday 22nd June @ 11am (door will close at 11.30am) Saturday 29th June @ 11am (door will close at 11.30am)
*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.
Please note that the following additional fees will apply to the purchase of your property:
1. Buyers Premium of £600 inclusive of VAT
2. 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.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.