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.