11 December 2024: Wednesday 11 December 2024 - 9:00am
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    Key features

    • A mid terrace property comprising of retail area at ground floor, office at 1st floor & flat at part 1st & 2nd floor
    • Development potential to create multiple dwellings in the upper parts (subject to the requisite consents & existing lease)
    • Total GIA an approx. 2,442 sq ft
    • Rear access via a large yard to the rear
    • VAT free investment
    • Investment let at £30,000 p.a. (6.89% GIY on guide)

    Description

    Additional Photography and Internal Videos

    The property is a mid terrace property comprising of retail area at ground floor, office at 1st floor and flat at part 1st & 2nd floor.

    There is a rear access to the property via laneway accessed via Hayes Street; The rear yard offers enough car parking space for 2 cars and storage facilities that are used for the retailer at ground floor.

    Nearby occupiers include a wide range of local and independent business.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note that Savills has not inspected the property but believed to comprise of

    Ground Floor

    • Shop floor, Room, Storage, WC
    • An approx. 1,195 sq ft

    First Floor

    • Office x 2 , Kitchen
    • An approx. 652 sq ft

    Second Floor

    • 3 x rooms, Bathroom/WC

    Total approx. 2,442 sq ft (227 sqm)

    Tenancy

    50 &50A Hayes Street

    • Let to Panagua Limited (TA as Panagua Bikes)
    • 10 year lease from 02/05/2018 (Reversion May 2028)
    • Investment let at £30,000 p.a.

    Rent

    £30,000 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located on the West Side of Hayes Street between the junctions of Pickhurst Lane and George Lane.

      Hayes Station is located an approx. 0.5 miles from the property.

      Transport

      Hayes Station - National Rail services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums