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FREEHOLD REVERSIONARY SHOP AND GROUND RENT INVESTMENT

Lot 3

14-14a South Ealing Road, Ealing, London W5 4QA

Photo of 14-14a South Ealing Road, Ealing, London W5 4QA
Sold Prior

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FREEHOLD REVERSIONARY SHOP AND GROUND RENT INVESTMENT

Lot 3

This terraced dwelling, arranged over three floors, consists of a commercial premises formerly trading as a bookmakers and currently occupied by a firm of solicitors, together with a split level maisonette above that has been sold on a long lease. The ground floor of the premises is let on a full repairing and insuring lease for a term of 5 years from 6th April 2009 at a below market rent of 5000 pa therefore in our opinion there is certainly the possibility of a significant uplift at the end of the term. The split level maisonette above has been sold on a lease of 125 years from 25th March 1988 at a ground rent of 100 pa. The property is sold with the benefit of this ongoing income. We understand that VAT is not applicable to this lot.

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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.

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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.

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