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Home » Property Search » Auctions » Current Auction » 37 South Street, Isleworth, Middlesex, TW7 7AL

Lot 31 - 37 South Street, Isleworth, Middlesex, TW7 7AL

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FREEHOLD COMMERCIAL INVESTMENT LET TO TOTE BOOKMAKERS WITH 2 RESIDENTIAL SCHEMES PREPARED

Guide price: £320,000 plus *

Auction Date

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.

Accommodation

Flat: Sold on long lease at a peppercorn (access via shared side passageway)
Rear garden
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.

Note

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

EPC Rating

D

Property Features

  • Freehold
  • Commercial Investment let to Tote Bookmakers
  • Potential for 2 Residential Schemes

Result

Refer to auctioneer

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates. 

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* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.