LOCATION:
This property is located in a suburban area in the London Borough of Hillingdon. It is situated in the northwest of London, about 14 miles from the city centre. The property is on High Road, which is on the main road that. The street has a mix of residential and commercial properties, including shops, restaurants, pubs, and offices. The area is served by several bus routes and is close to a Underground Station, which provides access to the Metropolitan and Piccadilly lines. The location is also near the popular Parrs Wood Entertainment Centre, which offers a cinema, bowling, arcade, and dining options.
OVERVIEW:
The property consists of a commercial unit and residential. The commercial unit is currently occupied by a pizza franchise, which is one of the top brands in the UK. The franchise has a lease of three years left and the rent review is due. The current franchisee has intended to renew the lease.
The residential units include a five-bedroom house above the shop and a studio flat at the rear of the commercial shop with a separate entrance. The house and the flats are spacious and well-maintained, with modern amenities and fittings.
The rent for the property is as follows:
* Commercial unit rent: £22,000 per annum
* 5 bedroom house above the shop: £38,000 per annum on the basis of per room.
* Studio Flat rent: £10,800 per annum
The total rental income for the property is approximately £71,000 per annum.
TENURE:
The property is freehold.
The freeholder is seeking offers in the region of £1.1m for the freehold interest.
