Apartment
A freehold building in the very popular W5 part of London, offering a basement apartment as well as ground rents for the retail shop, apartment above and advertising board.
A great opportunity for any serious investor looking to add to their investment portfolio. The property boasts a vacant basement studio apartment which could be rented out in the region of £900+ per calendar month and has it's own front entrance.
The freehold property also offers ground rents for the retail shop which has a long lease (999 years) and the duplex apartment above (£200 per annum for ground rent) with only 69 years remaining on the lease, offering the opportunity to the new buyer as the freeholder to renew the lease, which we have been informed would be in the region of £30,000.
Furthermore there is additional revenue potential in the form of an advertising hoarding with potential for an illuminated sign which we are informed was once occupied by the Coca Cola Company.
All in all an opportunity not to be missed in an extremely popular location.
16 South Ealing Road W5 is very favourably located and is within 200 yards of South Ealing Underground Station and within half a mile of Ealing Broadway. Within close proximity of multiple shopping facilities and Station serving Central, District and Main Lines as well as excellent road links giving easy access to the M4, M40 and M25.
The auctioneers have not inspected the property.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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