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Lot - 5 Green Parade, Whitton Road, Hounslow, Middlesex, TW3 2EN

Guide Price* £170,000 +

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Property Type
Restaurant
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • On the instructions of the Joint Fixed Charge Receivers
  • Freehold ground floor restaurant with a self-contained maisonette above
  • Close to amenities and transport facilities.
  • Investment producing £18,100 p.a.

Freehold ground floor restaurant with a self-contained maisonette above (Restaurant let, maisonette sold) – Investment.

Description

The property comprises a three-storey mid terraced building arranged as a ground floor restaurant with a self-contained maisonette above.

Location

The property is situated within Green Parade fronting Whitton Road, close to the junction with Park Avenue, within a mixed residential and commercial catchment area. Public transport facilities include Hounslow railway station which gives direct access to London Waterloo.

Accommodation

(Approximate dimensions)

First & second floor self-contained maisonette:
Sold on a lease for a term of 99 years from 29/9/1989 at a ground rent of £100 Per annum

Ground floor:
Front restaurant / seating area: 5.55m x 4.33m
Kitchen: 3.15m x 3.32m
Preparation Area 2.27m x 1.89m,
Separate wc

Outside: Rear self-contained Storage unit 3.66m x 2.6m, with vehicular access onto Park Avenue.

Tenancy

We are advised that the ground floor is let to S. Alom by way of an assignment t/a India India Restaurant on a lease for a term of 20 years from 2/2/2011 at a rent of £18,000 per annum. Rent reviews every 4 years

Total current rent payable £18,100 per annum

Planning

Local Authority: London Borough of Hounslow Tel: 020 8583 2000 – www.hounslow.gov.uk

EPC Rating

C

VAT

Please refer to the legal pack in this regard

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve Price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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