Withdrawn prior to auction

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A freehold investment comprising ground floor office (312 sq ft, source EPC) with a duplex flat above sold off on a long lease.

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Description/Location

The office is let at £7,500 pa, the tenant is holding over, we are advised the tenant is interested in extending the lease. The flat is sold off on a 999 year lease from 2007 at a peppercorn ground rent. The property is situated in the heart of the redevelopment area in Hanwell and has potential for a variety of commercial uses, we believe there is potential to increase the rent in line with market rates.

Tenure

Freehold

Local Authority

Ealing Council

Viewing

Please contact Rolfe East Commercial Network Auctions on 020 8566 0288

Rent

Current rent £7,500 per annum

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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 (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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.