Shop for sale

Coral, West Ealing, Greater London


Guide price
£360,000
1,167 ft²

Description

Status: Available
Type: Betting Shops
Tenure: Virtual Freehold
Area: 1167 sq ft
Gross Rent: £ 30,000
Gross Yield %: 8.3
Lease Term: 15 years from Feb '08
Years left on Lease: 2.7
VAT applicable: No

Features

* Blue-chip tenant
* Good location
* High Yield
* Lock Up investment
* No Break clauses
* No VAT applicable
* Suitable for a SIPP
* Under £500k
* Virtual Freehold

Property Description

* Virtual Freehold Betting Shop Investment in London.
* Comprising a 1,167 sq.ft. ground floor shop.

Location Description

* West Ealing is located 10 miles west of Central London, 5 miles north of Richmond and 3 miles north-west of Chiswick.
* Junction 2 of the M4 lies some 3 miles to the south of the property and the A40 lies some 3 miles to the north of the property.
* The area is served by West Ealing Rail Station, some 300 metres from the property, which provides regular services to Paddington and Heathrow.
* This prominent corner property is situated on the south side of Uxbridge Road (A4020), at its junction with Northfield Avenue (B452), opposite Dean Gardens.
* Occupiers close by include Tesco Express, Co-Op, Post Office & Dreams amongst many local shops, restaurants and takeaways.

Tenancy

* Let to Coral Estate Limited for 15 years from 07/02/2008 Rent Reviews every 5th year FR& I for £30,000 p.a.
* For the year ended 31st December 2018 Coral Estates Limited reported a turnover of £10,574,000, a pre-tax profit of £3,631,000, shareholder’s funds of £38,239,000, and a net worth of £38,239,000

Additional Notes
* The property is held on a Virtual Freehold lease for 999 years from 02.07.2018 at a fixed ground rent of a peppercorn.

Categories

ShopsInvestment PropertyCommercial Investment PropertyCommercial Properties
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