37 South Street, Isleworth, Middlesex, TW7 7AL
Result: Refer to auctioneer Guide price: £320,000 plus*
Tuesday, 27th March 2018 11:00am
Location & Description
Isleworth is a suburb in the London Borough of Hounslow to the south west of central London just to the north of Twickenham.
On the south side of South Street in the Isleworth Riverside conservation area a shop, flat and basement (with side covered passageway) in a local parade near a Co-op. Old Deer Park with Royal Mid-Surrey Golf Course and the River Thames are just to the east with Isleworth mainline station about ¾ mile away.
Flat: Sold on long lease at a peppercorn (access via shared side passageway)
Shop (GIA): 670 sq ft (62.3 sq m) to include staff and customer WC's and small kitchen area
Basement (GIA:) circa 670 sq ft (62.3 sq m) but includes some small partly restricted head height vault/storage areas.
The shop and basement are subject to a repairing & insuring lease to Tote Bookmakers Limited (this shop trades as Betfred who are the ultimate holding company) for 10 years from 28.05.2009 at £12,000 p.a.
2 schemes have been prepared
1. Convert the basement into a 2-bedroom flat.
2. Convert the shop into a 2-bedroom flat.
EQUIVALENT TO £12,000 p.a. WITH REVERSION IN MAY 2019
- Commercial Investment let to Tote Bookmakers
- Potential for 2 Residential Schemes