January 21, 2019 Claire Dickinson

FREEHOLD RETAIL & RESIDENTIAL INVESTMENT FOR SALE

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.

The premises are in a good, mixed commercial and residential location on the A4020 Uxbridge Road, Hayes. The property is fully let on the following basic terms. Further details on request.

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 philip@pmcd.co.uk

 

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