37 South Street, Isleworth, Middlesex, TW7 7AL

  • Retail, Investment
  • 1,950 sq ft
  • For Sale
37 South Street, Isleworth, Retail, Investment For Sale - Image from Google Street View - 250
Under offer
Property Type Retail, Investment
Availability For Sale
Size 1,950 sq ft
Price Offers in excess of £350,000
Business Rates £5,040 (based on rateable value of £10,500)
Energy Performance Rating This property has been graded as D (77)

A freehold commercial investment let to Tote Bookmakers with potential for 2 residential schemes prepared

Key Features

  • Freehold investment in busy London suburb
  • Commercial lease expiring in May 2019
  • Asset Management opportunities for residential development subject to the usual consents

Location

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 conversation area a shop, flat and basement (with side covered passageway) in a local parade near Co-op. Old Deer Park with Royal Mid-Surrey Golf Course and the River Thames are just to the east with Isleworth mainline about ¾ mile away.

Description

The subject property comprises of two storey building with the basement and ground floor let as a commercial unit and the first floor flat accessed via a shared side passageway sold off on a long lease. The flat benefits from a rear garden. There is potential for 2 residential schemes with one converting the basement into a 2 bedroom flat and converting the shop into a 2 bedroom flat. Further plans available on request.

Accommodation

Address

Present Lessee

Accommodation

Gross internal area

Lease Terms

Current Rent

 

Ground Floor & basement

37 South Street, Isleworth, Middlesex, TW7 7AL

Tote Bookmakers Ltd

Ground Floor: 650sq.ft

Basement:      1300sq.ft

10 years FRI lease 28/05/2009 with upward only rent 5years review

 

£12,000 pax

 

1st Floor Flat

Michelle Katherine Frost

2 bed self-contained flat

189 years lease

with effect from 01/06/1983

Peppercorn

 

 

*Note Landlord served rent review notice - £26,000 per annum

 

Current rental income

£12,000 per annum is received from Tote Bookmakers

Legal Costs

Each party to bear their own legal costs incurred in this transaction, subject to the prospective purchaser solicitors undertaking to pay the landlord’s abortive costs if the prospective purchaser withdraw from the transaction.