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Retail & HMO, Southall

2-6 The Broadway, Southall, UK

Basic Facts

Property ID: 18293 Brochure Link: Download Brochure
Post Updated: 2024-03-19 15:31:13 Status:
Type: Tenure: Freehold
Area: 6701 sq ft Gross Rent: £ 155,200

For sale on behalf of the LPA Receivers

Property Description

  • Attractive part income-producing corner freehold, situated in a prominent location on Southall’s prime pitch
  • Consisting of a ground floor restaurant (1,394 sq ft) with basement (1,367 sq ft) and an additional 5 retail units (940 sq ft)
  • Part built consented residential HMO development of upper parts, ideal for developers/ investors (c.3,000 sq ft)

Location Description

  • The property is located on The Broadway (A4020) Southall, at the corner of Lady Margret Road, within the London Borough of Ealing, strategically located c.5 miles north of Central London
  • Southall is a densely populated area of west London, closely bounded by Northolt to the north, Hanwell to the east, Heston to the south and Hayes to the west
  • The Broadway benefits from strong local footfall and is the prime retail pitch for Southall, boasting numerous national covenants including Lloyd’s Bank, Superdrug, and Barclays
  • Southall Station is a short walk to the south of the property and provides National Rail and Underground services to Central London via the Elizabeth Line

Tenancy:

  • The commercial element is fully let and comprises of a restaurant over basement and ground floor (4-6 The Broadway) producing £75,000 p.a.
  • A further 5 lock-up units which produce £80,200 p.a. combined
  • The first and second floors are currently presented as a part-finished development
  • Once built, the residential upper parts will comprise of a 15-bedroom residential HMO with a potential income of £129,000 p.a.
  • Total estimated income: £284,200 p.a.

Features

£1m - £5m
Attractive property
Freehold
West London

View on Map

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