38 Wood End Green Road, Hayes, Middlesex UB3 2SH
FREEHOLD INVESTMENT OF THREE FLATS WITH GARAGES PROVIDING DEVELOPMENT POTENTIAL TO REAR
This interesting investment opportunity also offers excellent development potential, subject to obtaining any necessary consent. The current property is located within walking distance of Hayes End and within easy access of Hayes Town and Uxbridge Town Centres, with their shopping facilities and stations. The current building consists of three self-contained flats with parking spaces and a block of garages to the rear of the site. Two of the flats have been sold off on long leases, one producing a ground rent of £100 pa and the other peppercorn. The third flat is a studio/one bedroom unit and this is let on an assured shorthold tenancy at £640 pcm, thus producing £7680 per annum. The property is therefore currently producing £7780 per annum and is being sold with the benefit of this income. There is development potential to the rear and any intending purchaser should make their own enquiries in this regard.
Three self contained flats and block of garages to rear. Full site area approximately 0.17 acres.
Freehold subject to the following leases:- 38a Ground Floor Flat. 99 years from25/3/88, thus approximately 66 years unexpired. 38c First Floor Flat. 189 years from25/3/88, thus approximately 156 years unexpired.
LOCAL AUTHORITY & TAX RATING
London Borough of Hillingdon 01895 250111 38a and 38c Council Tax Band B 38b Council Tax Band A EPC Rating for all three flats is B and D
By appointment through the Auctioneers, subject to Government Covid 19 guidelines.
*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.