262 Church Road, NORTHOLT, Middlesex, UB5 5AW - Online Auctions

The Property Purplebricks are offering this rare opportunity to purchase the freehold to this retail unit with A1 use on a prime spot in Northolt with lots of passing traffic on the Target Roundabout and Church Road. There is an option to take on the current tenant or vacant possession. The current tenant and business has been operating for over 14 years and currently has a long term lease renewal option. Previously, the rent was agreed at circa £16,000 PA but could be negotiated at a market rate of approx £20,000 PA. The front of shop is a generous 414 sq. ft while the two back offices, kitchenette, toilet and storage area bring the total floor space to 999 sq. ft. The property also has a yard/parking space to the rear and a separate lock-up garage, ideal for storage, deliveries or parking. Location The property is located at the top of Church Road on the southern side of the Target Roundabout, on a parade of shops with mixed use and the McDonalds. There is plenty of parking to the front of this parade, a bus stop with 4 regular bus services and lots of passing traffic due to the fantastic position off of the A40. Northolt Station is also located just three bus stops away (500m or 0.3 miles). The property is also close to one of the borough's largest schools, Alec Reed Academy and one of the boroughs biggest open green spaces, Northala Hills and playing fields. Opening Bid and Reserve Price This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply. Comments Energy Performance Certificate (EPCs) An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.