159, 159a & 159b Northfield Avenue, Ealing, London, W13 9QT
Description
- Description:
Prime West London Mixed-Use Investment
Auction Guide Price - £725,000 - £775,000 plus
DALINGTON London Property Auctions is delighted to offer this substantial Freehold Mixed-Use Investment situated within a highly sought-after West London location.
Comprising a Ground Floor Commercial unit, Two Self-Contained One-Bedroom flats and a First Floor Office, this attractive investment provides a diversified income potential together with future asset management and development opportunities.
The Ground Floor Retail premises are let on a Full Repairing & Insuring (FRI) lease, FIRST FLOOR FLAT is let on Assured Periodic Tenancy (APT). The SECOND FLOOR FLAT & FIRST FLOOR Office/Studio are currently VACANT, presenting an immediate opportunity to enhance income through letting or owner occupation.
A particularly attractive feature of the investment is that each residential flat benefits from its own separate Leasehold TITLE. This structure provides purchasers with greater flexibility when considering future refinancing strategies, asset management initiatives and funding arrangements, including potential access to both residential and commercial lending facilities.
The property may also offer future development potential, including the possibility of a THIRD FLOOR and further reconfiguration opportunities, subject to obtaining the necessary planning permissions and consents.
Opportunities to acquire a freehold mixed-use investment of this nature are increasingly rare, particularly where strong income can be produced, separate residential titles and future development potential combine within one of West London's most established and desirable locations.
Key Points for Auction Buyers
-FREEHOLD BLOCK to be sold as one lot
- Ground Floor Commercial LET to Pizza & Wine Restaurant
-FIRST FLOOR FLAT - LET on Assured Periodic Tenancy (APT)
-SECOND FLOOR FLAT - VACANT
-FIRST FLOOR OFFICE / STUDIO - VACANT
-Further scope STPP for loft conversion / THIRD Floor
-For Sale By Online Auction unless SOLD PRIOR
Tenure & Title Schedule:
Ground Floor Retail Unit – Commercial
- Lease: 15-year FRI lease from 14/09/2017 → expiry 2032
- Rent: £19,200 per annum
- EPC Rating: D
- Floor Area: 56.08 sq.m (604 sq.ft)
- Held under Freehold Title AGL122450
Flat A – First Floor (1 Bed)
- Tenancy: Assured Periodic Tenancy (APT)
- Rent: £1550 pcm / £18,600 p.a.
- EPC Rating: C
- Council Tax Band - B
- Floor Area: 47 sq.m
- Lease: 125 years from 19/03/2003
- Land Registry Title: AGL122248
Flat B – Second Floor (1 Bed)
- VACANT
- EPC Rating: D
- Council Tax Band - B
- Floor Area: 49 sq.m
- Loft extension potential STPP
- Lease: 125 years from 19/03/2003
- Land Registry Title: AGL122249
First Floor Studio / Office
- VACANT
- Floor Area: 11 sq.m
- Included within Freehold Title AGL122450
LOCAL AUTHORITY: London Borough of Ealing
VIEWINGS: By Appointment Only
Standard Auction Disclaimer
IMPORTANT AUCTION INFORMATION
This property is being sold via online auction. Interested parties are strongly advised to review the legal pack and the terms of sale prior to bidding. A non-refundable deposit of 10% of the purchase price is required upon the fall of the electronic gavel, together with any applicable auction fees.
Buyer's Auction Premium and Additional Charges
A Buyer's Auction Premium of up to 1% of the purchase price, inclusive of VAT, may be payable depending on the auction lot, together with any other applicable charges. Full details of all applicable fees and payment obligations will be set out in the auction legal pack and terms of sale. Prospective purchasers are advised to review these documents before submitting an offer or placing a bid.
Guide Prices and Reserve Prices
Guide Prices are issued as an indication of the seller's minimum expectation. They are not guaranteed sale prices and may change at any time prior to the auction. Each property will be offered subject to a Reserve Price, being the minimum figure the Auctioneer is authorised to accept. The Reserve Price is generally set within the Guide Range or up to 10% above a single-figure Guide Price.
Property Particulars and Marketing Materials
Pictures, floorplans, videos and CGI are provided for guidance purposes only and should not be relied upon as statements of fact. They are intended to give a general indication of the property and may not accurately represent its current condition or layout.
Due Diligence and Professional Advice
All prospective purchasers are urged to carry out their own due diligence and inspections and seek independent professional financial and legal advice before bidding on this property. If you are unsure about any aspect of the property, you are strongly advised not to bid without obtaining such advice.
For further information, please contact DALINGTON London Property Auctions.
