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Floorplan
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    Key features

    • A freehold mid terrace property comprising of 2 x commercial units & 2 x one bedroom duplex flats
    • Current commercial tenants wish to sign new 5 year leases at increased rent
    • Commercial units currently let at £44,000 p.a. (Rising in 2027 to £50,000 p.a.)
    • 2 x flats let on AST's (Periodic Tenancy) at £30,000 p.a.
    • Located opposite Colliers Wood Station (underground services)
    • VAT free investment
    • 6 week completion available
    • Investment let at £74,600 p.a. (9.32% on guide price) rising to £80,600 p.a. in 2027 (10.07% GIY on guide price)

    Description

    Please click here for virtual tour of 188A Flat

    Please click here for virtual tour of 188B Flat

    A freehold mid terrace property comprising of 2 x commercial units on the ground floor and 2 x duplex flats on the upper flats (both flats are 1 beds).

    There is asset management potential to improve the passing income by agreeing/ signing the draft leases to both of the commercial tenants which will increase the rent in 2027.

    Please note that the tenant of the ground floor at 186 High street is currently fitting out.

    The property is located directly opposite Colliers wood underground station and is situated on a busy high street. Nearby occupiers include Holiday Inn Express, Co-op Food, Tesco Express as well as a wide range of local and independent retailers.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please refer to accommodation and tenancy schedule

    Please also refer to the floor plans

    Tenancy

    Please refer to accommodation and tenancy schedule

    Rent

    £74,600 p.a. rising to £80,600 p.a. in 2027

    Notes

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

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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.

      Accommodation / Tenancy Schedule

      Local information

      Prominently located on Colliers Wood High Street (A24), within a busy retail parade, close to a range of shops and amenities. Colliers Wood Underground Station (Northern Line) is within easy walking distance, providing swift access to Central London.

      Transport

      Colliers Wood Underground Station - Northern Line

      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