Investment opportunity with planning permission Freehold Sale
Property Description: The property comprises a double-height shop on the ground floor and first floor with a large storage area in the loft, mid-terrace property on high street location. Having a frontage of 17 feet wide and a depth of 72 feet and a total approx. area 1224 sqft. Has rear exit for receiving deliveries, separate close garage and separate open car parking space for two cars. Off-street car parking for customers. The property has well-established business for the last 41 in the same hands of the owners doing readymade menswear creating a strong goodwill asset to the premise, the property is to be sold with the benefit of vacant possession. The owners had made planning applications and were approved for making three flats of one bedroom each.
Property Location: The shop is in the center of the high street giving ample footfall and visibility to business with bus facilities and underground service of Metropolitan and Piccadilly services.
Potentials in the property:
Prominent location on high street in Ruislip.
The large Shop floor area of 1285 sqft with a rare storage area of 190sqft on the ground and first floor.
Ideal location for A3-A5 subject to approvals from the council.
The shop can be rented for £35,000 per annum.
Planning permission for three, one-bedroom flats above the shop which has been approved.
The one-bedroom flats in the area are between £250,000 to 275,000
The rental for the one-bedroom flat in the area is £850 to £900 per calendar month.
Local Authority: London Borough of Hillingdon
Legal fees: Each party is to bear its legal cost.
Viewings: By prior appointment call BTC for further details and appointment for viewing.