FREEHOLD VACANT SHOP PLUS FLAT LET ON AST & GROUND RENT
Guide price: £430,000 - £440,000 *
Monday, 11th July 2016 11:00am
Location & Description
A mid terrace property comprising a shop with separate front access to two self-contained flats above (one sold off). A rear service road is accessed via Stilecroft Gardens. Forming part of a local parade at the intersection with Watford Road (A404).
Sudbury & Harrow and North Wembley stations are both within ¾ mile and the property is about 2 miles from Wembley Stadium.
Ground Floor Shop: 750 sq ft (69.6 sq m), 2 WCs
First Floor Flat (37A): 2 bedrooms, kitchen leading to living room, bathroom/WC. Let on an AST at £1,050 pcm.
Second Floor Flat (37B): Sold on a 125 year lease from 24.06.2005 at a current ground rent of £250 p.a.
There may be potential to convert the rear part of the shop into residential subject to all necessary consents.
EQUIVALENT TO £12,850 p.a. PLUS VACANT SHOP
Shop & Flat: Both "D"
Wednesday 6th July at 11.00am
Refer to auctioneer
Hull & Co 020 8518 0131 Attn: Mr S Barrable
On 23.06.2016, Brent Council gave a Decision Notice that Prior Approval is not required for the change of use from retail to residential. Plans show part conversion of existing ground floor shop into a self-contained studio, installation of window and door to rear elevation. Flat 37B is on part first floor and second floor.