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    Key features

    • To be offered on Wednesday 8 May
    • Investment let at £33,500 p.a. from November 2022
    • Let on two separate 12 year leases from November 2022
    • Comprising of two ground floor lock up shops plus basements
    • Located in an affluent and prosperous area of West London
    • An approx. 0.1 miles to West Ealing Station (Elizabeth Line)

    Description

    The property comprises two ground floor lock up shops comprising of ground floor retail areas and basement ancillary accommodation.

    The shops are fully let and currently producing £33,500 p.a. The property is located on The Avenue, close to the junction with Gordon Road and is close to all local amenities.

    Additional information

    Tenure

    Long Leasehold - 999 years

    Tenancy

    Ground floor and basement of 22 The Avenue let on a 12 year lease from November 2022 currently producing £14,500 p.a.


    Ground floor and basement of 24 The Avenue let on 12 year lease from November 2022 currently producing £19,000 p.a.

    Rent

    £33,500 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 inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    22 The Avenue - We understand that the rent is £14,500 pa. subject to a reduced rent up until the 7 February 2025 from the start or the tenancy to assist the tenant to fit out the shop and install a new shop front,  In order for the buyer to receive the full pro rata rent for their ownership from completion up to the date when the full rent of £14,500 shall become payable under the  tenancy, the seller has agreed to make up the amount of the reduction allowed to the tenant  upon completion. 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.

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      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.

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      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.

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