307 Uxbridge Road, Acton, London W3 9QU
FREEHOLD MIXED INVESTMENT PROPERTY
The property is a mid-terraced dwelling consisting of a lock up commercial unit that is trading as an restaurant. There is a self-contained flat above over three floors which is accessed from a separate door to the front elevation. We understand that there is also a basement that offers storage space for the restaurant. The property appears to be in reasonable condition although it does require some updating. The property is located in an ever popular area within walking distance of Acton High Street. The property is let with an original lease that commenced on 4th June 1993 and was subsequently varied and extended on 16th December 2011 for a period until 15th December 2031. There is an agreement entered into for a License to Underlet to from the 16th December 2011. The passing rent agreed in the original lease was £12,000 pa and this is for the whole premises. Ealing Broadway and Shepherds Bush inclusive of Westfield Shopping Centre are served by the Uxbridge Road. Acton Main Line Station is within one mile and good road links serve the area such as the A40 Western Avenue. The property is located close to the junction of Denehurst Gardens.
The shop has an area of approximately 1014sf inclusive of storage to the basement.. We are given to understand that the upper parts consists of six self contained studio flats and communal areas.
LOCAL AUTHORITY & TAX RATING
London Borough of Ealing 020 8825 5000 The shop is approximately 1024sf and has a Rateable Value of £8,685. The Flats are all rated as Council Tax Band A
By appointment through the Auctioneers
Grimshaw & Co, 5 Station Parade, Uxbridge Road, Ealing W5 3LD 020 8992 5661
*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.