The property comprises a ground floor commercial space, used for many years as a dance studio, although originally we believe the property on the ground floor was used for retail purposes. On the first floor is a separately accessed residential accommodation, which has been sold off on a lease for a term of 125 years from 25th March 1983 at a ground rent of £1 per annum.
Guide Price: £450,000 for the freehold of the premises, which will comprise the vacant ground floor plus £1 per annum ground rent from the residential flat above.
Consideration will be given to leasing the ground floor commercial premises on a new FRI lease for a term to be agreed.
Rent: £32,000 per annum exclusive (c.£17.87 psf.).
The property is not elected for VAT.
According to the Valuation Office Agency the Rateable Value of the ground floor premises is £22,250.
The Rates Payable for 2020 /2021 are approx. £11,392 per annum.
Under the government’s Covid-19 rates relief scheme, applicants may be able to obtain relief from payment of business rates dependant upon their use – all enquiries through the London Borough of Ealing billing authority.
Rating: D (88).
We understand that the use for the ground floor has fallen within Class D1, having been used as a dance studio for many years. London borough of Ealing may also be receptive to alternative retail uses – all enquiries through the London Borough of Ealing billing authority.
Car parking available at the property.
Each party to bear their own legal costs.
Strictly through prior arrangement through sole agent Vokins.
Ground Floor: 1,791.00 sqft
The property is approximately 9 miles west of Central London, and circa 8 miles of from Heathrow Airport.
The micro-location in which this property is situated generally comprises ground floor retail or alternative commercial space, with upper parts residential.
The nearest public transport links comprise West Ealing station, which is approximately 10 minutes’ walk from the property. The nearest London Underground station is Ealing Broadway which is approximately 7 minutes’ drive from the property. There are also bus routes available connecting to a variety of locations.
Note: Hanwell Station will be connected to the Elisabeth Line (Crossrail), which will significantly improve accessibility to central London with the proposed fleet of new trains every 5 minutes at peak time. For further information please check the following link:- https://www.crossrail.co.uk/route/western-section/hanwell-station