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13/6/2024

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MIXED FREEHOLD INVESTMENT PROPERTY

Lot 24

52 Bilton Road, Perivale, Middlesex UB6 7DH

Photo of 52 Bilton Road, Perivale, Middlesex UB6 7DH
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MIXED FREEHOLD INVESTMENT PROPERTY

Lot 24

This freehold shop and uppers is being offered with the benefit of investment income. The ground floor is let to a tenant trading as an off licence and household business on a full repairing and insuring lease for a 15 year term from 5th January 2006 at an initial rent of 13,100 pa with 5 yearly rent reviews. The upper part consists of a two bedroom flat with part double glazing and gas-fired central heating, that is let on an Assured Shorthold Tenancy from 1st October 2010 at rent of 920 pcm (11,040 pa) thus the whole premises is producing 24,140 pa. The property that is situated within a popular trading position of various local traders will be of interest to investment purchasers.

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Price Information

*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.

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Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

  • Buyers Premium of £600 inclusive of VAT
  • 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.
  • Stamp Duty - rates easily available on-line
  • Your solicitor fees and any survey fees
  • Insurance - it is your responsibility from the date of exchange to insure the property purchased.

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