65 – 67 The Broadway, Southall Sold for Circa £18 Million
Monarch Commercial acted for the vendor of the property. The property is located on busy parade of shops on The Broadway, Southall. Over 15 years the shop has multiple tenants with the last occupier being 99p store. The property was handed over with vacant possession to the buyer. The buyer is a well-known client to Monarch Commercial, who has completed a number of transactions with us and continues to maintain a close relationship. Upon completion 67 The Broadway was converted to a retail market with small kiosk style units with a large walk through the centre. The conversion to a retail market similar to 65 The Broadway will increase the income of the property. The buyer is making crucial changes which fit their purpose with additional floors on top of both the shops. The buyer’s aim is to build B & B Hotel with approximately 29 rooms.
Monarch Commercial played a vital role in assisting the buyer with valuation work and providing all the necessary comparable evidence to the valuers which helped them valuing the investment at the right level. By doing this we helped the purchaser in getting the finance for the investment.
We can offer various properties similar to the one mentioned above for purchase or lease. For more information please contact us via our website or on our social media pages Twitter, Instagram and Facebook.