16 North Parade, UB1

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Description

Retail Unit with Two-Bedroom Flat Above Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £540,00

Situated on the ever-popular North Road, Southall, this mixed-use investment property comprises a ground-floor retail unit with a spacious two-bedroom flat above, available immediately.

North Road, Southall – Retail Unit with Two-Bedroom Flat Above

Total size: Approx. 1,400 sq ft
Current income: £36,000 per annum

Situated on the ever-popular North Road, Southall, this mixed-use investment property comprises a ground-floor retail unit with a spacious two-bedroom flat above, available immediately.

The retail unit is currently operating as a well-established butcher, forming part of the local community and benefiting from excellent footfall along this busy parade. The shop offers a generous retail area with a separate kitchen and WC to the rear.

The residential accommodation is accessed via a private rear entrance and provides well-proportioned living space. Both front and rear access points offer future redevelopment potential, including the possibility of adding a dormer or reconfiguring into two one-bedroom flats (subject to planning permission).

The property is ideally located with excellent transport links and easy access to the A40 and A4 motorways, making it attractive to both occupiers and investors.

Key Features:

• Mixed-use freehold investment

• Approx. 1,400 sq ft total area

• Generating £36,000 PA (short term lease) 

• Established retail business on busy parade

• Two-bedroom flat with private entrance

• Redevelopment potential (STPP)

• Located within Ealing Borough Council

Early viewings are highly recommended.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

 

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

 

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

 

 

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

 

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.