The property comprises a three storey retail and residential building fronting the Uxbridge Road, Hayes, and consisting of three lock-up shops let on commercial terms and 6 no flats each ‘sold off’ on long-leaseholds with currently approximately 61 years unexpired. Active management possibilities exist for improving the commercial rents at forthcoming reviews in 2021/22 and for the sale of longer residential leases or buying in flats at a discount to market due to the short terms remaining.
1. Retail: Effectively FRI, expiring 2027, rent £10,400
2. Retail: Effectively FRI, expiring 2026, rent £8,000
3. Retail: Effectively FRI, expiring 2026, rent £8,500
4. 6 Flats 61 yrs unexpired £TBA
We are seeking offers in excess of £475,000 for the freehold interest. For further details, or to arrange a viewing, please call Philip Marsh on 01494 683642 or e-mail email@example.com