Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding mixed-use investment occupying a prominent corner pitch on an established high footfall street.
Arranged across ground and three upper floors, the property comprises a ground floor retail unit with five flats to the upper parts. The property is fully let and producing a total income of £59,600 per annum.
The ground floor is let to a Cafe on a 20 year lease expiring 23.06.2030 and paying £15,000 per annum.
Two of the flats to the upper parts have been sold on a long leasehold basis generating a ground rent of £200 per annum, with the remaining three flats let on Assured Shorthold Tenancies (ASTs) and producing a combined rent of £44,400 per annum.
We consider the property benefits from asset management potential, with the opportunity to improve the retail rent in the upcoming 2026 rent review. We understand the rent has not been increased for the duration of the lease and consider the unit to be under rented, with nearby units let for £25,000 per annum.
The property occupies a prominent corner pitch fronting Uxbridge Road, a principal arterial route benefitting from high levels of footfall. The surrounding area is characterised by similar mixed uses.
Tenure
Freehold
Tenancy
Please see the accommodation and tenancy schedule below.
Rent